Massachusetts General Laws ch. 106 sec. 8-111 – Clearing Corporation Rules
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Section 8–111. 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 the provisions of this article and affects another party who does not consent to the rule.
Terms Used In Massachusetts General Laws ch. 106 sec. 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.