New Jersey § 12a:8-508
Full text of New Jersey New Jersey Statutes § 12a:8-508, with citation guidance and answers to common questions.
§ 12a:8-508.
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: a. the securities intermediary acts as agreed upon by the entitlement holder and the
securities intermediary; or b. 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.
Frequently Asked Questions About New Jersey § 12a:8-508
What does New Jersey Statutes § 12a:8-508 cover?
Section 12a:8-508 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 12a:8-508?
A common citation format is "New Jersey Statutes § 12a:8-508" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:8-508 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.