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:
Source: L. 96: Entire article R&RE, p. 230, § 2, effective July 1.
Definitional Cross References:
"Agreement". Section 1-201(3)
"Entitlement holder". Section 8-102(a)(7)
"Financial asset". Section 8-102(a)(9)
"Securities intermediary". Section 8-102(a)(14)
"Security entitlement". Section 8-102(a)(17)
Structure Colorado Code
Title 4 - Uniform Commercial Code
Article 8 - Investment Securities
Part 5 - Security Entitlements
§ 4-8-501. Securities Account - Acquisition of Security Entitlement From Securities Intermediary
§ 4-8-502. Assertion of Adverse Claim Against Entitlement Holder
§ 4-8-504. Duty of Securities Intermediary to Maintain Financial Asset
§ 4-8-505. Duty of Securities Intermediary With Respect to Payments and Distributions
§ 4-8-506. Duty of Securities Intermediary to Exercise Rights as Directed by Entitlement Holder
§ 4-8-507. Duty of Securities Intermediary to Comply With Entitlement Order
§ 4-8-510. Rights of Purchaser of Security Entitlement From Entitlement Holder
§ 4-8-511. Priority Among Security Interests and Entitlement Holders