2025 Session
§ 302.01
Plain-Language Summary
This section was repealed and its subject matter was transferred to Minnesota's Uniform Commercial Code in Chapter 336, specifically to section 336.10-102. The 1965 law governing transfers of shares held by clearing corporations was superseded when Minnesota adopted updated Uniform Commercial Code provisions. This section no longer contains active law.
302.01 336.10-102
Practical Notes
The current rules governing transfer and pledge of investment securities held through clearing corporations are found in Article 8 of the Uniform Commercial Code, codified in Chapter 336 of the Minnesota Statutes. Attorneys and securities professionals dealing with clearing corporation transactions should refer to Chapter 336, particularly sections 336.8-101 through 336.8-601.