{"data":{"id":"us-mt/30-8-506","jurisdiction":"us-mt","citation":"30-8-506","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":["TITLE 30. TRADE AND COMMERCE","CHAPTER 8. UNIFORM COMMERCIAL CODE INVESTMENT SECURITIES","Part 5. Security Entitlements"],"source_url":"https://mca.legmt.gov/bills/mca/title_0300/chapter_0080/part_0050/section_0060/0300-0080-0050-0060.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:51:03Z","sha256":"d79bff8653de13d8e048e789a93f3625909444341f9383587fc408f58ce8de7e","source_id":"us-mt","stale":false,"prev":"us-mt/30-8-505","next":"us-mt/30-8-507"},"notice":"GroundRules: Original legal text. Not legal advice."}