Derivative transaction defined

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. Source: SL 2013, ch 240 , § 2. 51A-12-3. Repealed by SL 1993, ch 351 , § 1.