{"data":{"id":"us-co/c.r.s.-4-8-505","jurisdiction":"us-co","citation":"C.R.S. § 4-8-505","heading":"Duty of securities intermediary with respect to payments and distributions.","body":"(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:\n\n(1) The securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or\n\n(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.\n\n(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.","path":["Title 4 - UNIFORM COMMERCIAL CODE","Article 8 - Investment Securities","Part 5 - SECURITY ENTITLEMENTS"],"source_url":"https://olls.info/crs/crs2026-title-04.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"3091409b7ecf5be02b41bb526bf6f868b728c1b6678f327d11b4482b33907cf8","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-4-8-504","next":"us-co/c.r.s.-4-8-506"},"notice":"GroundRules: Original legal text. Not legal advice."}