51A-12-2.4. Derivative transaction defined.
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/sd/title-51/chapter-51-12/51a-12-2-4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For purposes of § 51A-12-2.3 , a derivative transaction is any transaction that is a contract, agreement, swap, warrant, note, or option that is based in whole, or in part, on the value of any interest in, or any quantitative measure or the occurrence of any event relating to interest rates.