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.
Tex. Bus. & Com. Code § 8.111
CLEARING CORPORATION RULES
Known as the Uniform Commercial Code
The act spans §§ 1–12 (616 sections).
Added by Acts 1995, 74th Leg., ch. 962, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.