{"data":{"id":"us-nh/rsa-382-a-8-505","jurisdiction":"us-nh","citation":"RSA 382-A: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 XXXIV-A: UNIFORM COMMERCIAL CODE","Chapter Part 5: Security Entitlements"],"source_url":"https://gc.nh.gov/rsa/html/XXXIV-A/382-A/382-A-8-505.htm","current_through":"2025 regular legislative session, or December 2025","vintage":"","retrieved_at":"2026-09-05T15:43:59Z","sha256":"d7eef9ad3661f88b434090bb18d1122ea2f716bb496569950138b042395f9dd5","source_id":"us-nh","stale":false,"prev":"us-nh/rsa-382-a-8-504","next":"us-nh/rsa-382-a-8-506"},"notice":"GroundRules: Original legal text. Not legal advice."}