{"data":{"id":"us-wy/wyo.-stat.-34.1-8-505","jurisdiction":"us-wy","citation":"Wyo. Stat. § 34.1-8-505","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(i) The securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or\n(ii) 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 34.1 - UNIFORM COMMERCIAL CODE","ARTICLE 8 - INVESTMENT SECURITIES","PART 5 SECURITY ENTITLEMENTS"],"source_url":"https://wyoleg.gov/statutes/compress/title34.1.pdf","current_through":"2026 Budget Session; as of 2026-07-01","vintage":"","retrieved_at":"2026-09-04T00:16:32Z","sha256":"bf50e93a3925bddda6dcf6ac7e5d5b50be9e4badf52f70324d28df980526696f","source_id":"us-wy","stale":false,"prev":"us-wy/wyo.-stat.-34.1-8-504","next":"us-wy/wyo.-stat.-34.1-8-506"},"notice":"GroundRules: Original legal text. Not legal advice."}