Nevada § 104.8505 - Duty of securities intermediary with respect to payments and distributions
Full text of Nevada Nevada Revised Statutes § 104.8505 — Duty of securities intermediary with respect to payments and distributions, with citation guidance and answers to common questions.
§ 104.8505. Duty of securities intermediary with respect to payments and distributions
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: (a) It acts with respect to the duty as agreed upon by the entitlement holder and
the securities intermediary; or (b) In the absence of agreement, it exercises due care in accordance with reasonable
commercial standards to attempt to obtain the payment or distribution. 2. 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.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 104.8505
What does Nevada Revised Statutes § 104.8505 cover?
Section 104.8505 ("Duty of securities intermediary with respect to payments and distributions") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 104.8505?
A common citation format is "Nevada Revised Statutes § 104.8505" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 104.8505 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.