Duty of securities intermediary to change entitlement holder's position to other form of security holding

C.R.S. § 4-8-508
in effect
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4-8-508. 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: Open US Law by Vaquill AI (CC BY 4.0)URL: https://leg.colorado.gov/sites/default/files/images/olls/crs2024-title-04.docx#4-8-508Fetched: 10/6/2026

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C.R.S. § 4-8-508 — Duty of securities intermediary to change entitlement holder's position to other form of security holding | Colorado Revised Statutes (2024 edition) | Corpus