Section 35-10A-1 Short title. This chapter may be referred to as the “Asset-Backed Securities Facilitation Act.” It is intended by the Legislature that the term “securitization transaction” be construed broadly. (Act 2001-779, p. 584, §1.)
Section 35-10A-2 Transfer of property, assets, etc. (a) Notwithstanding any other provision of law including, but not limited to, Section 7-9-506 and Section 7-9A-623, to the extent set forth in the transaction documents relating to a securitization transaction: (1) Any property, assets, or rights purported to be transferred, in whole or in part, in the […]
Section 35-10A-3 Construction of article. Any act which becomes effective after September 12, 2001, shall not be construed to amend or repeal any provision of this chapter unless the subsequent act specifically references this chapter and states that this chapter is repealed or states the manner in which this chapter is to be amended. Without […]
