Rule 283. Members Closing Contracts—Procedure

This rule is no longer applicable effective November 11, 2008.

When Rule 140 [¶2140] permits the closing of a contract, an original party to the contract may close it, provided that notice, either written or oral, shall have been given to the other original party at least thirty minutes before such closing. If a member or member organization given up by an original party to a contract has been advised that the other party to the contract does not recognize it, or if the other party to the contract neglects or refuses to exchange written contracts, he or it shall promptly notify the original party who acted for him or it, who may then close the contract as herein provided.