Code of Alabama - Title 7: Commercial Code - Section 7-8-111 - Clearing corporation rules

Section 7-8-111 - 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 title and affects another party who does not consent to the rule.

(Acts 1996, No. 96-742, p. 1241, §1.)

Last modified: May 3, 2021