{"data":{"id":"us-or/ors-78.5060","jurisdiction":"us-or","citation":"ORS 78.5060","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:\n      (1) The securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or\n      (2) 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":["02 - Business Organizations, Commercial Code","8. Commercial Transactions","Chapter 78 — Investment Securities"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors078.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:11Z","sha256":"6a64b65d7171372d39e51cdcb9d8aa8a9302337dc633f23079d1fac2614a9caa","source_id":"us-or","stale":false,"prev":"us-or/ors-78.5050","next":"us-or/ors-78.5070"},"notice":"GroundRules: Original legal text. Not legal advice."}