{"data":{"id":"us-nv/nrs-104.8505","jurisdiction":"us-nv","citation":"NRS 104.8505","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) It 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, it exercises due care in accordance with reasonable commercial standards to attempt to obtain the payment or distribution.\n2. 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 8 — COMMERCIAL INSTRUMENTS AND TRANSACTIONS","CHAPTER 104 - UNIFORM COMMERCIAL CODE—ORIGINAL ARTICLES","INVESTMENT SECURITIES","Security Entitlements"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-104.html#NRS104Sec8505","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"bcb44558d70dab1476db03020ab973d1d4dd716e1381744e7da52d6b92249b1d","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-104.8504","next":"us-nv/nrs-104.8506"},"notice":"GroundRules: Original legal text. Not legal advice."}