Vermont § 509 - § 8—509.

§ 509. § 8—509.

• Specification of duties of securities intermediary by other statute or regulation;
  manner of performance of duties of securities intermediary and exercise of rights
  of entitlement holder (a) If the substance of a duty imposed upon a securities intermediary by sections 8—504 through 8—508 of this title is the subject of other statute, regulation, or rule, compliance with that statute,
  regulation, or rule satisfies the duty. (b) To the extent that specific standards for the performance of the duties of a securities
  intermediary or the exercise of the rights of an entitlement holder are not specified
  by other statute, regulation, or rule or by agreement between the securities intermediary
  and entitlement holder, the securities intermediary shall perform its duties and the
  entitlement holder shall exercise its rights in a commercially reasonable manner. (c) The obligation of a securities intermediary to perform the duties imposed by sections
  8—504 through 8—508 of this title is subject to: (1) rights of the securities intermediary arising out of a security interest under a security
  agreement with the entitlement holder or otherwise; and (2) rights of the securities intermediary under other law, regulation, rule, or agreement
  to withhold performance of its duties as a result of unfulfilled obligations of the
  entitlement holder to the securities intermediary. (d) Sections 8—504 through 8—508 of this title do not require a securities intermediary to take any action that is prohibited by
  other statute, regulation, or rule. (Added 1995, No. 92 (Adj. Sess.), § 1, eff. Jan. 1, 1997.)