{"data":{"id":"us-pa/13-pa.c.s.-8508","jurisdiction":"us-pa","citation":"13 Pa.C.S. § 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:\n(1) the securities intermediary acts as agreed upon by the entitlement holder and the securities intermediary; or\n(2) in the absence of agreement, the securities intermediary 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=8\u0026subsctn=0","current_through":"2025-12-01 (Statute Update stamp, 13 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:03Z","sha256":"4562fb1a26e345fde1dd43c712ff394adccde095d118bd00db9f79b15c88599a","source_id":"us-pa","stale":false,"prev":"us-pa/13-pa.c.s.-8507","next":"us-pa/13-pa.c.s.-8509"},"notice":"GroundRules: Original legal text. Not legal advice."}