Wyoming Statutes
§ 34.1-8-505 — Duty of securities intermediary with respect to payments and distributions
Wyoming § 34.1-8-505
This text of Wyoming § 34.1-8-505 (Duty of securities intermediary with respect to payments and distributions) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Wyo. Stat. Ann. § 34.1-8-505 (2026).
Text
(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:
(i)The securities intermediary acts with respect to
the duty as agreed upon by the entitlement holder and the
securities intermediary; or
(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.
(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.
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Nearby Sections
15
§ 34.1-1-101
Short titles§ 34.1-1-102
Scope of article§ 34.1-1-104
Construction against implied repeal§ 34.1-1-105
Severability§ 34.1-1-106
Use of singular and plural; gender§ 34.1-1-107
Section captions§ 34.1-1-201
General definitions§ 34.1-1-202
Notice; knowledge§ 34.1-1-203
Lease distinguished from security interest§ 34.1-1-204
Value§ 34.1-1-205
Reasonable time; seasonableness§ 34.1-1-206
PresumptionsCite This Page — Counsel Stack
Bluebook (online)
Wyoming § 34.1-8-505, Counsel Stack Legal Research, https://law.counselstack.com/statute/wy/34.1-8-505.