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 provisions of this article and affects another party who does not consent to the rule.
Effective: January 1, 1997

Terms Used In Kentucky Statutes 355.8-111

  • 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.
  • Corporation: may extend and be applied to any corporation, company, partnership, joint stock company, or association. See Kentucky Statutes 446.010

History: Created 1996 Ky. Acts ch. 130, sec. 124, effective January 1, 1997.

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