{"data":{"id":"us-ri/r.i.-gen.-laws-6a-8-506","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 6A-8-506","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 6A Uniform Commercial Code","Chapter 8 Investment Securities","Part 5 Security Entitlements"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE6A/6A-8/6A-5/6A-8-506.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T18:23:54Z","sha256":"d79bff8653de13d8e048e789a93f3625909444341f9383587fc408f58ce8de7e","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-6a-8-505","next":"us-ri/r.i.-gen.-laws-6a-8-507"},"notice":"GroundRules: Original legal text. Not legal advice."}