Section 27-9-3.1-4 - "Contractual right"As used in this chapter, "contractual right" includes the following:
(1) A right set forth in a rule, bylaw, or resolution of the governing board of any of the following: (A) A derivatives clearing organization (as defined in the federal Commodity Exchange Act (7 U.S.C. 1 et seq.)).(B) A multilateral clearing organization (as defined in the Federal Deposit Insurance Corporation Improvement Act (12 U.S.C. 1821)).(C) A national securities exchange, national securities association, or securities clearing agency.(D) A contract market designated under the federal Commodity Exchange Act (7 U.S.C. 1 et seq.).(E) A derivatives transaction execution facility registered under the federal Commodity Exchange Act (7 U.S.C. 1 et seq.).(F) A board of trade (as defined in the federal Commodity Exchange Act (7 U.S.C. 1 et seq.)).(2) A right, regardless of whether evidenced in writing, arising: (A) under statutory or common law;(B) under the law merchant; or(C) by reason of normal business practice.Added by P.L. 11-2011, SEC. 36, eff. 7/1/2011.