{"data":{"id":"us-ky/krs-355.8-506","jurisdiction":"us-ky","citation":"KRS 355.8-506","heading":"Duty of securities intermediary to exercise rights as directed by","body":"entitlement holder.\nA securities intermediary shall exercise rights with respect to a financial asset if directed\nto do so by an entitlement holder. A securities intermediary satisfies the duty if:\n(1) The securities intermediary acts with respect to the duty as agreed upon by the\nentitlement holder and the securities intermediary; or\n(2) In the absence of agreement, the securities intermediary either places the entitlement\nholder in a  position to exercise the rights directly or exercises due care in\naccordance with reasonable commercial standards to follow the direction of the\nentitlement holder.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33722","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:47Z","sha256":"b06e014e40f7772128abb02fa1a85c7b851d828ba0a78a798c760ebc13a9ded2","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.8-505","next":"us-ky/krs-355.8-507"},"notice":"GroundRules: Original legal text. Not legal advice."}