{"data":{"id":"us-nv/nrs-104.8506","jurisdiction":"us-nv","citation":"NRS 104.8506","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:\n1. It acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or\n2. In the absence of agreement, it 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 8 — COMMERCIAL INSTRUMENTS AND TRANSACTIONS","CHAPTER 104 - UNIFORM COMMERCIAL CODE—ORIGINAL ARTICLES","INVESTMENT SECURITIES","Security Entitlements"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-104.html#NRS104Sec8506","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"2932daaba434557b6960f10075e8e3c19d117382e2542a62272c4b1adaf37833","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-104.8505","next":"us-nv/nrs-104.8507"},"notice":"GroundRules: Original legal text. Not legal advice."}