Vermont § 508 - § 8—508.
Full text of Vermont Vermont Statutes Online § 508 — § 8—508., with citation guidance and answers to common questions.
§ 508. § 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: (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. (Added 1995, No. 92 (Adj. Sess.), § 1, eff. Jan. 1, 1997.)
Frequently Asked Questions About Vermont § 508
What does Vermont Statutes Online § 508 cover?
Section 508 ("§ 8—508.") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 508?
A common citation format is "Vermont Statutes Online § 508" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 508 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.