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:
History. Code 1981, § 11-8-506 , enacted by Ga. L. 1998, p. 1323, § 1.
Structure Georgia Code
Article 8 - Investment Securities
Part 5 - Security Entitlements
§ 11-8-501. Securities Account; Acquisition of Security Entitlement From Securities Intermediary
§ 11-8-502. Assertion of Adverse Claim Against Entitlement Holder
§ 11-8-504. Duty of Securities Intermediary to Maintain Financial Asset
§ 11-8-505. Duty of Securities Intermediary With Respect to Payments and Distributions
§ 11-8-506. Duty of Securities Intermediary to Exercise Rights as Directed by Entitlement Holder
§ 11-8-507. Duty of Securities Intermediary to Comply With Entitlement Order
§ 11-8-510. Rights of Purchaser of Security Entitlement From Entitlement Holder
§ 11-8-511. Priority Among Security Interests and Entitlement Holders