{"data":{"id":"us-ma/mass.-gen.-laws-ch.-106-8-506","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 106, § 8-506","heading":"Duty of Securities Intermediary to Exercise Rights as Directed by Entitlement Holder","body":"Section 8–506. 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(1) the securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or\n(2) 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":["Part I","Title XV","Chapter 106","Article 8"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXV/Chapter106/Section8-506","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:22:29Z","sha256":"c2479343369723f1deefbaa6f9b17d5b948485be52901cb0d13104a096c0f5ec","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-106-8-505","next":"us-ma/mass.-gen.-laws-ch.-106-8-507"},"notice":"GroundRules: Original legal text. Not legal advice."}