Nev. Rev. Stat. § 104.8508
Duty of securities intermediary to change entitlement holder’s position to other form of security holding
Nevada · Nevada Revised Statutes Chapter 104 — Uniform Commercial Code—Original Articles · Status: effective
Cite this
- Citation
- Nev. Rev. Stat. § 104.8508, Duty of securities intermediary to change entitlement holder’s position to other form of security holding, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2079582
- Permanent ID
ys:prov:2079582@1- SHA-256
d9b32ff5cedd59ca22b7e10f808fd8a28d9f0a05ebac3bba12c4b71b3c120b9e
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
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.