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Georgia Commons

Código Oficial de Georgia Anotado

Título 11. COMMERCIAL CODE · Capítulo 8. · Artículo 8. INVESTMENT SECURITIES · Parte 5. SECURITY ENTITLEMENTS

11-8-505. Duty of securities intermediary with respect to payments and distributions.

Vigente

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

El texto siguiente es la ley tal como la imprime el estado, en inglés.

  1. (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:#

    1. (1)

      The securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or#

    2. (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.#

  2. (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.#

Las notas siguientes se imprimen con la sección, pero no son ley promulgada (O.C.G.A. § 1-1-1(c)). Se muestran aparte del texto.

History

Code 1981, § 11-8-505, enacted by Ga. L. 1998, p. 1323, § 1.

Leer la página oficial (el PDF del estado, abierto en la página de la que se leyó este texto).

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

Texto leído de t11-(v9)-2022-pdf.pdf, Volumen V9, edición 2022, página 696; acción de fusión: carried; SHA-256 del archivo ad397fccbf21.