{"data":{"id":"us-ks/k.s.a.-84-8-506","jurisdiction":"us-ks","citation":"K.S.A. 84-8-506","heading":"Duty of securities intermediary to exercise rights as directed by entitlement holder.","body":"A securities intermediary shall exercise rights with respect to a financial asset if directed to do so by an entitlement holder. A securities intermediary satisfies the duty if:\n(a) The securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or\n(b) in the absence of agreement, the securities intermediary either places the entitlement holder in a position to exercise the rights directly or exercises due care in accordance with reasonable commercial standards to follow the direction of the entitlement holder.","path":["Chapter 84.—UNIFORM COMMERCIAL CODE","Article 8.—INVESTMENT SECURITIES"],"source_url":"https://www.ksrevisor.gov/statutes/chapters/ch84/084_008_0506.html","current_through":"2025 legislative session","vintage":"","retrieved_at":"2026-09-04T15:15:37Z","sha256":"12ffc2aea2079fa998a17fb64cbc9b7db84e6f30ab0a76f6bd9098bd5c4f8945","source_id":"us-ks","stale":false,"prev":"us-ks/k.s.a.-84-8-505","next":"us-ks/k.s.a.-84-8-507"},"notice":"GroundRules: Original legal text. Not legal advice."}