Okla. Stat. tit. 12A, § 12A-8-505: Duty of Securities Intermediary with Respect to

Payments and Distributions.

Duty of Securities Intermediary with Respect to Payments and

Distributions.

(a) A securities intermediary shall take action to obtain a

payment or distribution made by the issuer of a financial asset. 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 exercises due care in accordance with

reasonable commercial standards to attempt to obtain

the payment or distribution.

(b) A securities intermediary is obligated to its entitlement

holder for a payment or distribution made by the issuer of a

financial asset if the payment or distribution is received by the

securities intermediary.