A person may purchase a membership interest and be approved as a “Non-Member Investor” in the Exchange. The person shall file an Application to become a Non-Member Investor with the Membership Services Department (the “Department”). A Non-Member Investor is presumed to know all the rules and regulations of the Exchange and agrees to abide by and be subject to them.   In the event that multiple individuals own a membership, such individuals shall appoint a designated individual who shall have the authority to sell, lease, pledge or otherwise dispose of or encumber the membership.   Further, in the event that a legal entity owns a membership, such entity must provide the Department with appropriate corporate, partnership or other legal documentation indicating who has authority to sell, lease, pledge or otherwise dispose of or encumber the membership and any other documentation requested by the Department. (11/29/07)