{"data":{"id":"us-ma/mass.-gen.-laws-ch.-106-8-508","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 106, § 8-508","heading":"Duty of Securities Intermediary to Change Entitlement Holder's Position to Other Form of Security Holding","body":"Section 8–508. A securities intermediary shall act at the direction of an entitlement holder to change a security entitlement into another available form of holding for which the entitlement holder is eligible, or to cause the financial asset to be transferred to a securities account of the entitlement holder with another securities intermediary. A securities intermediary satisfies the duty if:\n(1) the securities intermediary acts as agreed upon by the entitlement holder and the securities intermediary; or\n(2) in the absence of agreement, the securities intermediary 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/Section8-508","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:22:29Z","sha256":"3a31b7095ea9e0f5bfbe87f83c50639b0eadaaf29a54d5f7d0dd9a881c39d43f","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-106-8-507","next":"us-ma/mass.-gen.-laws-ch.-106-8-509"},"notice":"GroundRules: Original legal text. Not legal advice."}