Michigan Compiled Laws § 440.8111 Rule Adopted By Clearing Corporation; Effect.

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

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Last modified: October 10, 2016