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

  1. Law
  2. Oregon Revised Statutes
  3. Business Organizations, Commercial Code
  4. Investment Securities
  5. Duty of securities intermediary to change entitlement holder’s position to other form of security holding.

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(1) The securities intermediary acts as agreed upon by the entitlement holder and the securities intermediary; or

(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. [1995 c.328 §48]


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