Michigan Compiled Laws
174-1962-8-1 - Part 1 Short Title and General Matters (440.8101...440.8116)
Section 440.8111 - Rule Adopted by Clearing Corporation; Effect.

Sec. 8111.
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 act and affects another party who does not consent to the rule.
History: Add. 1998, Act 278, Imd. Eff. July 27, 1998

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 440 - Uniform Commercial Code

Act 174 of 1962 - Uniform Commercial Code (440.1101 - 440.11102)

Article 8 - Investment Securities (440.8101...440.8601)

174-1962-8-1 - Part 1 Short Title and General Matters (440.8101...440.8116)

Section 440.8101 - Uniform Commercial Code—investment Securities; Cited As.

Section 440.8102 - Definitions.

Section 440.8103 - Share or Equity Interest as Security; "Investment Company Security" Defined; Interest in Partnership or Limited Liability Company as Security or Financial Asset; Writing; Option or Similar Obligation Issued by Clearing Corporation...

Section 440.8104 - Security or Interest in Security; Financial Asset; Security Entitlement; Acquisition; Placing Security or Financial Asset in Possession of Another Person.

Section 440.8105 - Notice of Adverse Claim.

Section 440.8106 - Certificated Security in Bearer Form; Certificated Security in Registered Form; Uncertificated Security; Security Entitlement; Control; Agreement by Issuer or Securities Intermediary.

Section 440.8107 - “Appropriate Person” Defined; Effectiveness of Indorsement, Instruction, or Entitlement Order.

Section 440.8108 - Warranty to Purchaser.

Section 440.8109 - Warranty to Securities Intermediary.

Section 440.8110 - Jurisdiction.

Section 440.8111 - Rule Adopted by Clearing Corporation; Effect.

Section 440.8112 - Reaching Interest of Debtor.

Section 440.8113 - Sale or Purchase of Security; Enforcement of Contract or Contract Modification.

Section 440.8114 - Action on Certificated Security Against Issuer; Rules.

Section 440.8115 - Transferring or Dealing With Financial Asset; Liability of Securities Intermediary, Broker, or Agent.

Section 440.8116 - Securities Intermediary as Purchaser for Value of Financial Asset; Acquisition of Security Entitlement for Value.