{"data":{"id":"us-ky/krs-355.8-508","jurisdiction":"us-ky","citation":"KRS 355.8-508","heading":"Duty of securities intermediary to change entitlement holder's position to","body":"other form of security holding.\nA securities intermediary shall act at the direction of an entitlement holder to change a\nsecurity entitlement into another available form of holding for which the entitlement\nholder is eligible, or to cause the financial asset to be transferred to a securities account of\nthe entitlement holder with another securities intermediary. A securities intermediary\nsatisfies the duty if:\n(1) The securities intermediary acts as agreed upon by the entitlement holder and the\nsecurities intermediary; or\n(2) In the absence of agreement, the securities intermediary 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=33724","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:47Z","sha256":"ef74a5e250fde8b51b2f990ef05a158fab5b9db4c8bc1ece04b41ae0da7551ba","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.8-507","next":"us-ky/krs-355.8-509"},"notice":"GroundRules: Original legal text. Not legal advice."}