{"data":{"id":"us-nd/n.d.-cent.-code-41-08-46","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 41-08-46","heading":"(8-506) 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:\n1.The securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or\n2.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 41 Uniform Commercial Code","Chapter 41-08 Investment Securities"],"source_url":"https://ndlegis.gov/cencode/t41c08.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"689c92161fe81c746a53fa987a734f01205a4ef79a1c8dec97a3c8128294f375","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-41-08-45","next":"us-nd/n.d.-cent.-code-41-08-47"},"notice":"GroundRules: Original legal text. Not legal advice."}