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136.29
(1) (a) In this subsection,
"derivative" means any financial contract or
2other instrument that derives its value from the value or performance of any security,
3currency exchange rate or interest rate or of any index or group of any securities,
4currency exchange rates or interest rates, but does not include any of the following:
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1. Any security that is traded on a national securities exchange or on an
6automated interdealer quotation system sponsored by a securities association
7registered under
15 USC 78o-3, et seq.
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2. Any forward contract which has a maturity at the time of issuance not
9exceeding 270 days.
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3. Any contract of sale of a commodity for future delivery, or any option on such
11a contract, traded or executed on a designated contract market and subject to
12regulation under
7 USC 1, et seq.
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4. Any security of an open-end management investment company or
14investment trust, if the investment company or investment trust is registered under
1515 USC 80a-1 to
80a-64.
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5. Any deposit held by a financial institution.
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6. Any financial contract or instrument that the board determines, by rule, is
18not a derivative.".