{"data":{"id":"us-nd/n.d.-cent.-code-41-08-48","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 41-08-48","heading":"(8-508) 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:\n1.The securities intermediary acts as agreed upon by the entitlement holder and the securities intermediary; or\n2.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 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":"919b525a014556a16a088329224195fa82e33022beb9dbdcf2744465e937a5b7","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-41-08-47","next":"us-nd/n.d.-cent.-code-41-08-49"},"notice":"GroundRules: Original legal text. Not legal advice."}