{"data":{"id":"us-id/idaho-code-28-8-505","jurisdiction":"us-id","citation":"Idaho Code § 28-8-505","heading":"Duty of securities intermediary with respect to payments and distributions.","body":"(1) 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(a) The securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or\n(b) 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(2) 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 28 COMMERCIAL TRANSACTIONS","CHAPTER 8 INVESTMENT SECURITIES","PART 5. SECURITY ENTITLEMENTS"],"source_url":"https://legislature.idaho.gov/statutesrules/idstat/title28/t28ch8/sect28-8-505/","current_through":"2026 Legislative Session","vintage":"","retrieved_at":"2026-09-04T11:18:19Z","sha256":"2a32ae3ae2018c8b427b7e0e9e5602f13baa789ae081daf0df6b4bbc4a08c50a","source_id":"us-id","stale":false,"prev":"us-id/idaho-code-28-8-504","next":"us-id/idaho-code-28-8-506"},"notice":"GroundRules: Original legal text. Not legal advice."}