Oregon Code § 78.5080·Enacted ·Last updated March 01, 2026
Statute Text
Duty
of securities intermediary to change entitlement holders 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. [1995 c.328 §48]
Plain English Explanation
This Oregon statute addresses Duty
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 78.5080
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Duty
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