{"data":{"id":"us-wv/w.-va.-code-46-8-506","jurisdiction":"us-wv","citation":"W. Va. Code § 46-8-506","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":["CHAPTER 46. UNIFORM COMMERCIAL CODE.","ARTICLE 8. INVESTMENT SECURITIES."],"source_url":"https://code.wvlegislature.gov/46-8-506/","current_through":"as of 2026-08-03; contains at least the enactments of the 2026 Regular Session","vintage":"","retrieved_at":"2026-09-06T00:29:53Z","sha256":"7edfbcc0d2a6b23553afef9f353daac24dbc0d727fc30d3bda626d7cc455c615","source_id":"us-wv","stale":true,"prev":"us-wv/w.-va.-code-46-8-505","next":"us-wv/w.-va.-code-46-8-507"},"notice":"GroundRules: Original legal text. Not legal advice."}