NRS 104.8508
Duty of securities intermediary to change entitlement holder’s position to other form of security holding.

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:

1.

It acts as agreed upon by the entitlement holder and the securities intermediary; or

2.

In the absence of agreement, it exercises due care in accordance with reasonable commercial standards to follow the direction of the entitlement holder.

Source: Section 104.8508 — Duty of securities intermediary to change entitlement holder’s position to other form of security holding., https://www.­leg.­state.­nv.­us/NRS/NRS-104.­html#NRS104Sec8508.

Last Updated

Jun. 24, 2021

§ 104.8508’s source at nv​.us