{"data":{"id":"us-ri/r.i.-gen.-laws-6a-8-508","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 6A-8-508","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 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-8-508.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T18:24:04Z","sha256":"c74f0c411f2e5215cccd7c604dffaed86e4533ce57d6f6d99a6c60e1bedcb5d6","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-6a-8-507","next":"us-ri/r.i.-gen.-laws-6a-8-509"},"notice":"GroundRules: Original legal text. Not legal advice."}