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Duty of Securities Intermediary to Change Entitlement Holder's Position to Other Form of Security Holding.

RSA 382-A:8-508
in effect
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382-A:8-508. 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) 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. Source. 1998, 326:1, eff. Jan. 1, 1999.
Source: New Hampshire General Court (gc.nh.gov)URL: https://gc.nh.gov/rsa/html/XXXIV-A/382-A/382-A-8-508.htmFetched: 10/20/2026

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