Iowa Code 554.8111 – Clearing corporation rules
Current as of: 2023 | Check for updates
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Terms Used In Iowa Code 554.8111
- 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.
- Rule: includes "regulation". See Iowa Code 4.1
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.