{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-8-506","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-8-506","heading":"Duty of Securities Intermediary to Exercise Rights as","body":"Directed by Entitlement Holder.\n\nDuty of Securities Intermediary to Exercise Rights as Directed\n\nby Entitlement Holder.\n\nA securities intermediary shall exercise rights with respect to\n\na financial asset if directed to do so by an entitlement holder. A\n\nsecurities intermediary satisfies the duty if:\n\n(1) the securities intermediary acts with respect to the\n\nduty as agreed upon by the entitlement holder and the\n\nsecurities intermediary; or\n\n(2) in the absence of agreement, the securities\n\nintermediary either places the entitlement holder in a\n\nposition to exercise the rights directly or exercises\n\ndue care in accordance with reasonable commercial\n\nstandards to follow the direction of the entitlement\n\nholder.","path":["OK Code","Title 12A"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os12A.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"afb4e2e89d9aeabd429f864a205d7021703c61f8c862715d42d1da7f1900d7a5","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-8-505","next":"us-ok/okla.-stat.-tit.-12a-12a-8-507"},"notice":"GroundRules: Original legal text. Not legal advice."}