Legislation
SECTION 8-111
Clearing Corporation Rules
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 8, PART 1
Section 8--111. 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.
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.