{"data":{"id":"us-sd/sdcl-57a-8-508","jurisdiction":"us-sd","citation":"SDCL § 57A-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.\nSource: SL 1998, ch 284, § 1.","path":["TITLE 57A. UNIFORM COMMERCIAL CODE","CHAPTER 57A-8. INVESTMENT SECURITIES"],"source_url":"https://sdlegislature.gov/Statutes/57A-8-508","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"390732ba3ba5a173af117cadd0d6867e4f755dbd34a8fdf220f08d865cfc261a","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-57a-8-507","next":"us-sd/sdcl-57a-8-509"},"notice":"GroundRules: Original legal text. Not legal advice."}