{"data":{"id":"us-wi/wis.-stat.-408.508","jurisdiction":"us-wi","citation":"Wis. Stat. § 408.508","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":["Chs. 401-411, Uniform Commercial Code","Chapter 408 Uniform Commercial Code — Investment Securities","SUBCHAPTER V SECURITY ENTITLEMENTS"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/408.508","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:22Z","sha256":"af0bfcb2657cdb262259080d25ed74fa897a27b998d1a94abf9a98a33e4e1b84","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-408.507","next":"us-wi/wis.-stat.-408.509"},"notice":"GroundRules: Original legal text. Not legal advice."}