{"data":{"id":"us-wa/rcw-62a.8-506","jurisdiction":"us-wa","citation":"RCW 62A.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 62A","Chapter 62A.8"],"source_url":"https://app.leg.wa.gov/rcw/default.aspx?cite=62A.8-506","current_through":"July 15, 2026","vintage":"","retrieved_at":"2026-09-06T03:39:20Z","sha256":"7edfbcc0d2a6b23553afef9f353daac24dbc0d727fc30d3bda626d7cc455c615","source_id":"us-wa","stale":false,"prev":"us-wa/rcw-62a.8-505","next":"us-wa/rcw-62a.8-507"},"notice":"GroundRules: Original legal text. Not legal advice."}