Section 440.8111 - Rule adopted by clearing corporation; effect.
UNIFORM COMMERCIAL CODE (EXCERPT)
Act 174 of 1962
440.8111 Rule adopted by clearing corporation; effect.
Sec. 8111.
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 act and affects another party who does not consent to the rule.
History: Add. 1998, Act 278, Imd. Eff. July 27, 1998