{"data":{"id":"us-pa/13-pa.c.s.-8506","jurisdiction":"us-pa","citation":"13 Pa.C.S. § 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:\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":["Title 13 - COMMERCIAL CODE","CHAPTER 85 SECURITY ENTITLEMENTS"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=13\u0026div=0\u0026chpt=85\u0026sctn=6\u0026subsctn=0","current_through":"2025-12-01 (Statute Update stamp, 13 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:03Z","sha256":"d79bff8653de13d8e048e789a93f3625909444341f9383587fc408f58ce8de7e","source_id":"us-pa","stale":false,"prev":"us-pa/13-pa.c.s.-8505","next":"us-pa/13-pa.c.s.-8507"},"notice":"GroundRules: Original legal text. Not legal advice."}