Wyoming § 34.1-8-508 Duty of securities intermediary to change
entitlement holder's position to other form of security holding

Wyoming Statutes

§ 34.1-8-508 — Duty of securities intermediary to change entitlement holder's position to other form of security holding

Wyoming § 34.1-8-508

Title 34.1Uniform Commercial Code

Art. 8INVESTMENT SECURITIES

This text of Wyoming § 34.1-8-508 (Duty of securities intermediary to change entitlement holder's position to other form of security holding) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 34.1-8-508 (2026).

Text

(a)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:

(i)The securities intermediary acts as agreed upon by the entitlement holder and the securities intermediary; or

(ii)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.

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(a) 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:
(i) The securities intermediary acts as agreed upon
by the entitlement holder and the securities intermediary; or
(ii) 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.