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554.8111 Clearing corporation rules.

A rule adopted by a clearing corporation governing rights and obligations among the clearing corporation and its participants in the clearing corporation is effective even if the rule conflicts with this Article* and affects another party who does not consent to the rule.

Section History: Recent form

96 Acts, ch 1138, §19


*"Chapter" probably intended; corrective legislation is pending ~IEffective July 1, 1997; 96 Acts, ch 1138, § 84; for provisions governing the continued perfection of security interests that are perfected as of July 1, 1997, see 96 Acts, ch 1138, § 80, 84

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