{"data":{"id":"us-md/md.-code-commercial-law-8-506","jurisdiction":"us-md","citation":"Md. Code, Commercial Law § 8–506","heading":"","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(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":["Article - Commercial Law"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl\u0026section=8-506","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:33Z","sha256":"7edfbcc0d2a6b23553afef9f353daac24dbc0d727fc30d3bda626d7cc455c615","source_id":"us-md","stale":false,"prev":"us-md/md.-code-commercial-law-8-505","next":"us-md/md.-code-commercial-law-8-507"},"notice":"GroundRules: Original legal text. Not legal advice."}