{"data":{"id":"us-mn/minn.-stat.-336.8-506","jurisdiction":"us-mn","citation":"Minn. Stat. § 336.8-506","heading":"DUTY OF SECURITIES INTERMEDIARY TO EXERCISE RIGHTS AS DIRECTED BY ENTITLEMENT HOLDER.","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":["TRADE REGULATIONS, CONSUMER PROTECTION","CHAPTER 336. UNIFORM COMMERCIAL CODE","Revised Article 8 INVESTMENT SECURITIES","Part 5 SECURITY ENTITLEMENTS"],"source_url":"https://www.revisor.mn.gov/statutes/cite/336.8-506","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:43Z","sha256":"d79bff8653de13d8e048e789a93f3625909444341f9383587fc408f58ce8de7e","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-336.8-505","next":"us-mn/minn.-stat.-336.8-507"},"notice":"GroundRules: Original legal text. Not legal advice."}