Okla. Stat. tit. 12A § 8-111

Current through Laws 2024, c. 453.

Section 8-111 - Clearing Corporation Rules

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.

Okla. Stat. tit. 12A, § 8-111

Added by Laws 1995, SB 522, c. 242, § 11, eff. 2/1/1996.

Oklahoma Code Comment

This Section is new, but is consistent with the UCC's deference to an agreement of the parties. See, e.g., UCC §§ 1-102(3), 3-102(c), 4-103 and 4A-501. See also the proposed 1995 revision to the uniform text of UCC § 5-108(e).

Prior Statutory Provisions:

Cf. pre-revision UCC § 8-313(1)(g).