Oregon Code § 78.5060·Enacted ·Last updated March 01, 2026
Statute Text
Duty
of securities intermediary to exercise rights as directed by entitlement
holder.
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:
(1) The
securities intermediary acts with respect to the duty as agreed upon by the
entitlement holder and the securities intermediary; or
(2) In the
absence of agreement, the securities intermediary either places the entitlement
holder in a position to exercise the rights directly or exercises due care in
accordance with reasonable commercial standards to follow the direction of the
entitlement holder. [1995 c.328 §46]
Plain English Explanation
This Oregon statute addresses Duty
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 78.5060
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Duty
. Read the full statute text above for details.
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The formal citation is Oregon Code § 78.5060. Use this format in legal documents and court filings.
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