(810 ILCS 5/8-506)
    Sec. 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:
        (1) the securities intermediary acts with respect to
the duty as agreed upon by the entitlement holder and the securities intermediary; or
        (2) in the absence of agreement, the securities
intermediary either places the entitlement holder in a position to exercise the rights directly or exercises due care in accordance with reasonable commercial standards to follow the direction of the entitlement holder.
(Source: P.A. 89-364, eff. 1-1-96.)