{"data":{"id":"us-hi/haw.-rev.-stat.-490-8-505","jurisdiction":"us-hi","citation":"Haw. Rev. Stat. § 490:8-505","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":["Hawaii Code","Division 2","Title 27","Chapter 490"],"source_url":"http://www.capitol.hawaii.gov/hrscurrent/Vol11_Ch0476-0490/HRS0490/HRS_0490-0008-0505.htm","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:11Z","sha256":"3091409b7ecf5be02b41bb526bf6f868b728c1b6678f327d11b4482b33907cf8","source_id":"us-hi","stale":false,"prev":"us-hi/haw.-rev.-stat.-490-8-504","next":"us-hi/haw.-rev.-stat.-490-8-506"},"notice":"GroundRules: Original legal text. Not legal advice."}