§ 678.5081, Fla. Stat. · Part V. SECURITY ENTITLEMENTS
Duty of securities intermediary to change entitlement holder’s position to other form of security holding.
Text — 2026 Florida Statutes
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.
Notes and commentary — not statutory text
History
s. 5, ch. 98-11.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0678/0678.html
- Text hash
- sha256 af0bfcb2657cdb262259080d25ed74fa897a27b998d1a94abf9a98a33e4e1b84
- Composed by
- compose_v2.py 2026-10-04: the Legislature's structured HTML read in document order; verify_v2.py's independent reading agrees character for character
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Cited by 2 provisions
Provisions in this library whose text cites § 678.5081, Fla. Stat.. Each shows the citation as that text prints it.
The Florida Statutes
- § 678.5031, Fla. Stat.Property interest of entitlement holder in financial asset held by securities intermediary.Printed as ss. 678.5051-678.5081
- § 678.5091, Fla. Stat.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.Printed as ss. 678.5041-678.5081
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.