{"data":{"id":"us-md/md.-code-commercial-law-8-508","jurisdiction":"us-md","citation":"Md. Code, Commercial Law § 8–508","heading":"","body":"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":["Article - Commercial Law"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl\u0026section=8-508","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:33Z","sha256":"af0bfcb2657cdb262259080d25ed74fa897a27b998d1a94abf9a98a33e4e1b84","source_id":"us-md","stale":false,"prev":"us-md/md.-code-commercial-law-8-507","next":"us-md/md.-code-commercial-law-8-509"},"notice":"GroundRules: Original legal text. Not legal advice."}