NRS 104.8506
Duty of securities intermediary to exercise rights as directed by entitlement holder.


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:

1.

It acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or

2.

In the absence of agreement, it 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.

Source: Section 104.8506 — Duty of securities intermediary to exercise rights as directed by entitlement holder., https://www.­leg.­state.­nv.­us/NRS/NRS-104.­html#NRS104Sec8506.

Last Updated

Feb. 5, 2021

§ 104.8506’s source at nv​.us