Section 44Sec./Art. 44

Evidentiary Value of Clearing Agency Record. The official records and book entries of a clearing agency shall constitute the best evidence of such transactions between clearing agency shall constitute the best between clearing agency and its participants or members clients to prove their rights, title and entitlement with respect to the book-entry security holdings of the participants or members held on behalf of the clients. However, the corporation shall not be bound by the foregoing transactions unless the corporate secretary is duly notified in such manner as the Commission may provide.