{"data":{"id":"us-nc/n.c.-gen.-stat.-25-8-508","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 25-8-508","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)\tThe securities intermediary acts as agreed upon by the entitlement holder and the securities intermediary; or\n(2)\tIn the absence of agreement, the securities intermediary exercises due care in accordance with reasonable commercial standards to follow the direction of the entitlement holder. (1997-181, s. 1.)","path":["Chapter 25. Uniform Commercial Code.","Article 8. Investment Securities.","Part 5. Security Entitlements."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_25/GS_25-8-508.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:58:47Z","sha256":"4a406a7cb53aee714ff10d2aa6cc9a21a56a41f14a0248ef4a71131453e3583a","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-25-8-507","next":"us-nc/n.c.-gen.-stat.-25-8-509"},"notice":"GroundRules: Original legal text. Not legal advice."}