Maryland Commercial Law Section 8-505
§ 8-505.
  (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)   The securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or
    (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.
  (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.