Louisiana Revised Statutes 10:8-111 – Clearing corporation rules
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Louisiana Revised Statutes 10:8-111
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
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 or provision of Chapter 9 of this Title that affect this Chapter and affects another party who does not consent to the rule.
Acts 1995, No. 884, §1, eff. Jan. 1, 1996.