{"data":{"id":"us-mo/mo.-rev.-stat.-400.8-505","jurisdiction":"us-mo","citation":"Mo. Rev. Stat. § 400.8-505","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(1) The securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or\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(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 XXVI - TRADE AND COMMERCE","Chapter 400 - Uniform Commercial Code"],"source_url":"https://revisor.mo.gov/main/OneSection.aspx?section=400.8-505","current_through":"2026 legislative session (floor)","vintage":"","retrieved_at":"2026-09-03T22:23:28Z","sha256":"69d0c4e3bb74703fdcaccfc1713a0ae5b2e76ec0e9784c48bc920a1514c74ec7","source_id":"us-mo","stale":false,"prev":"us-mo/mo.-rev.-stat.-400.8-504","next":"us-mo/mo.-rev.-stat.-400.8-506"},"notice":"GroundRules: Original legal text. Not legal advice."}