§ 53-425 – Definitions.

53-425. Definitions. The following definitions apply in this Article: (1) Beneficial interest. – Debt or equity interests or obligations of any type that are issued by a special purpose entity and entitle the holder of the interest or obligation to receive payments that depend primarily on the cash flow from financial assets owned by the […]

§ 53-426 – Waiver of equity of redemption.

53-426. Waiver of equity of redemption. (a) Notwithstanding any other provision of law, except to the extent otherwise set forth in the transaction documents relating to a securitization, all of the following apply: (1) Any property, assets, or rights purported to be transferred, in whole or in part, in a securitization or in connection with […]