Mississippi § 75-8-508 - Duty of securities intermediary to change entitlement holder’s position to other form of security holding.
Full text of Mississippi Mississippi Code of 1972 Annotated § 75-8-508 — Duty of securities intermediary to change entitlement holder’s position to other form of security holding., with citation guidance and answers to common questions.
§ 75-8-508. 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: The securities intermediary acts as agreed upon by the entitlement holder and the securities intermediary; or 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: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 75-8-508
What does Mississippi Code of 1972 Annotated § 75-8-508 cover?
Section 75-8-508 ("Duty of securities intermediary to change entitlement holder’s position to other form of security holding.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Mississippi § 75-8-508?
A common citation format is "Mississippi Code of 1972 Annotated § 75-8-508" (Mississippi). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 75-8-508 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Mississippi.