Duty of securities intermediary to exercise rights as directed by entitlement holder

HRS §490:8-506 — under Chapter 490.

HRS §490:8-506

§490:8-506 Duty of securities intermediary to exercise rights as directed by entitlement holder. A securities intermediary shall exercise rights with respect to a financial asset if directed to do so by an entitlement holder. A securities intermediary satisfies the duty if: