{"data":{"id":"us-nv/nrs-104.8508","jurisdiction":"us-nv","citation":"NRS 104.8508","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:\n1. It acts as agreed upon by the entitlement holder and the securities intermediary; or\n2. In the absence of agreement, it 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#NRS104Sec8508","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"b065928a130f1bbe7d0267090c4b91c0180e394097e6b72f613d3f758ffafc10","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-104.8507","next":"us-nv/nrs-104.8509"},"notice":"GroundRules: Original legal text. Not legal advice."}