If the substance of a duty imposed upon a securities intermediary by Sections 75-8-504 through 75-8-508 is the subject of other statute, regulation, or rule, compliance with that statute, regulation, or rule satisfies the duty.
To the extent that specific standards for the performance of the duties of a securities intermediary or the exercise of the rights of an entitlement holder are not specified by other statute, regulation, or rule or by agreement between the securities intermediary and entitlement holder, the securities intermediary shall perform its duties and the entitlement holder shall exercise its rights in a commercially reasonable manner.
The obligation of a securities intermediary to perform the duties imposed by Sections 75-8-504 through 75-8-508 is subject to:
Sections 75-8-504 through 75-8-508 do not require a securities intermediary to take any action that is prohibited by other statute, regulation, or rule.
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 8 - Uniform Commercial Code-Revised Article 8. Investment Securities
Part 5 - . Security Entitlements
§ 75-8-501. Securities account; acquisition of security entitlement from securities intermediary
§ 75-8-502. Assertion of adverse claim against entitlement holder
§ 75-8-504. Duty of securities intermediary to maintain financial asset
§ 75-8-505. Duty of securities intermediary with respect to payments and distributions
§ 75-8-506. Duty of securities intermediary to exercise rights as directed by entitlement holder
§ 75-8-507. Duty of securities intermediary to comply with entitlement order
§ 75-8-510. Rights of purchaser of security entitlement from entitlement holder
§ 75-8-511. Priority among security interests and entitlement holders