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 chapter and affects another party who does not consent to the rule.

Section History: Recent form

  96 Acts, ch 1138, §19, 84; 97 Acts, ch 23, §70

Footnotes

  Effective July 1, 1997; 96 Acts, ch 1138, § 84; 97 Acts, ch 23, §70; 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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