{"data":{"id":"us-mt/30-8-508","jurisdiction":"us-mt","citation":"30-8-508","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":["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_0080/0300-0080-0050-0080.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:51:04Z","sha256":"c74f0c411f2e5215cccd7c604dffaed86e4533ce57d6f6d99a6c60e1bedcb5d6","source_id":"us-mt","stale":false,"prev":"us-mt/30-8-507","next":"us-mt/30-8-509"},"notice":"GroundRules: Original legal text. Not legal advice."}