{"data":{"id":"us-oh/ohio-rev.-code-1308.56","jurisdiction":"us-oh","citation":"Ohio Rev. Code § 1308.56","heading":"Duty of securities intermediary to exercise rights as directed by entitlement holder - UCC 8-506.","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:\n(A) The securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or\n(B) 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 13 Commercial Transactions","Chapter 1308 Investment Securities"],"source_url":"https://codes.ohio.gov/ohio-revised-code/section-1308.56","current_through":"1998-01-01 (House Bill 170 - 122nd General Assembly)","vintage":"","retrieved_at":"2026-09-14T19:24:29Z","sha256":"1794516d52d856a73f2889bc093f6b7c40e24c9d937440111e858131f8279422","source_id":"us-oh","stale":false,"prev":"us-oh/ohio-rev.-code-1308.55","next":"us-oh/ohio-rev.-code-1308.57"},"notice":"GroundRules: Original legal text. Not legal advice."}