Wyoming § 34.1-3-905 Clearing corporation entitled to holder in due
course status

Wyoming Statutes

§ 34.1-3-905 — Clearing corporation entitled to holder in due course status

Wyoming·Title 34.1 Uniform Commercial Code·Art. 3 NEGOTIABLE INSTRUMENTS

(a)A registered clearing corporation can be a holder in due course with respect to a deposited instrument.

(b)The initial entry of an instrument which otherwise meets the requirements of a deposited instrument by a registered clearing corporation on its books for the account of a user or participant having a contractual relationship with the registered clearing corporation shall make the registered clearing corporation a holder under this article which has taken the instrument for value.

(c)Any notice or knowledge of a user or participant having a contractual relationship with a registered clearing corporation shall not be attributed to the registered clearing corporation for purposes of determining the clearing corporation's status as a holder in due course under this article.

(d)Any

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(a) A registered clearing corporation can be a holder in
due course with respect to a deposited instrument.
(b) The initial entry of an instrument which otherwise
meets the requirements of a deposited instrument by a registered
clearing corporation on its books for the account of a user or
participant having a contractual relationship with the
registered clearing corporation shall make the registered
clearing corporation a holder under this article which has taken
the instrument for value.
(c) Any notice or knowledge of a user or participant
having a contractual relationship with a registered clearing
corporation shall not be attributed to the registered clearing
corporation for purposes of determining the clearing
corporation's status as a holder in due course under this
article.
(d) Any entries on the books of the registered clearing
corporation with respect to a deposited instrument shall not
affect its status as a holder or a holder in due course of an
instrument.

Wyoming § 34.1-3-905 (Clearing corporation entitled to holder in due course status) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.