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2004 SESSION
(SB536)AMENDMENT(S) PROPOSED BY THE SENATE
COMMERCE AND LABOR
1. Line 4, introduced, Title, after BILL to
strike
amend and reenact § 8.9A-318 of the Code of Virginia and to
COMMERCE AND LABOR
2. Line 12, introduced, after That
strike
§ 8.9A-318 of the Code of Virginia is amended and reenacted and
COMMERCE AND LABOR
3. Line 43, introduced, after line 42
insert
C. “Securitization transaction” means a transaction relating to the issuance or transfer by a special purpose entity of beneficial interests or undivided interests, which entitle their holders to receive payments or other distributions that depend primarily on the cash flow from assets, including financial assets and other credit exposures, in which that special purpose entity has rights or the power to transfer rights.