2012 Wyoming Statutes
TITLE 34.1 - UNIFORM COMMERCIAL CODE
34.1-3-905. Clearing corporation entitled to holder in due course status.
(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.
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