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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) For purposes of this Part 9 a “deposited instrument” is an instrument which is:
(i) In the custody of a registered clearing corporation, another clearing corporation, a foreign clearing corporation, a custodian bank, a foreign custodian bank or a nominee of any of them subject to the instructions of the registered clearing corporation;
(ii) Payable to bearer or indorsed in blank by an appropriate person or is payable to the order of the registered clearing corporation, another clearing corporation, a foreign clearing corporation, a custodian bank, a foreign custodian bank or a nominee of any of them subject to the instructions of the registered clearing corporation; and
(iii) Shown on the books of the registered clearing corporation in the account of a party having a contractual relationship with the registered clearing corporation as a user or participant.
(b) For purposes of this Part 9 the registered clearing corporation “having control of a deposited instrument” is the registered clearing corporation on whose books it is shown as provided in subsection (a)(iii) of this section.
Cite this article: FindLaw.com - Wyoming Statutes Title 34.1. Uniform Commercial Code § 34.1-3-901. Deposited instrument - last updated January 01, 2024 | https://codes.findlaw.com/wy/title-341-uniform-commercial-code/wy-st-sect-34-1-3-901/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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