{"data":{"id":"us-mn/minn.-stat.-336.8-508","jurisdiction":"us-mn","citation":"Minn. Stat. § 336.8-508","heading":"DUTY OF SECURITIES INTERMEDIARY TO CHANGE ENTITLEMENT HOLDER'S POSITION TO OTHER FORM OF SECURITY HOLDING.","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":["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/336.8-508","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:43Z","sha256":"c74f0c411f2e5215cccd7c604dffaed86e4533ce57d6f6d99a6c60e1bedcb5d6","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-336.8-507","next":"us-mn/minn.-stat.-336.8-509"},"notice":"GroundRules: Original legal text. Not legal advice."}