# Commercial Law (GCL)

## Title 8. Investment Securities

### Subtitle 1. Short Title and General Matters

#### Section 8-111

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 title and affects another party who does not consent to the rule.

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Md. Code Ann., Com. Law (as displayed at mgaleg.maryland.gov, October 16, 2026)