{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-2400.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-2400.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-2400.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-2400.html"}],"law_id":62998,"edition_id":1,"section_id":62998,"structure_id":15586,"section_number":"6.2-2400","catch_line":"Definition","history":"2004, c. 600, \u00a7 6.1-473; 2010, c. 794.","full_text":"As used in this chapter:\n\t\t“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.","order_by":null,"text":{"0":{"id":229769,"text":"As used in this chapter:\n\t\t“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.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15586,"edition_id":1,"name":"Securitization Transactions","identifier":"24","label":"chapter","depth":3,"order_by":1,"parent_id":12856,"metadata":{},"date_created":"2026-06-26 03:56:34","date_modified":"2026-06-26 03:56:34","permalink":{"id":267139,"object_type":"structure","relational_id":15586,"identifier":"24","token":"6.2\/IV\/24","url":"\/6.2\/IV\/24\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12856,"edition_id":1,"name":"Other Financial Activities","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12852,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":267075,"object_type":"structure","relational_id":12856,"identifier":"IV","token":"6.2\/IV","url":"\/6.2\/IV\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12852,"edition_id":1,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":263249,"object_type":"structure","relational_id":12852,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":62998,"structure_id":15586,"section_number":"6.2-2400","catch_line":"Definition","url":"\/6.2-2400\/","token":"6.2\/IV\/24\/6.2-2400","metadata":false},{"id":59465,"structure_id":15586,"section_number":"6.2-2401","catch_line":"Securitization transactions; no interest retained by transferor","url":"\/6.2-2401\/","token":"6.2\/IV\/24\/6.2-2401","metadata":{"court_decisions":""}},{"id":71128,"structure_id":15586,"section_number":"6.2-2402","catch_line":"Treatment of securitization transactions","url":"\/6.2-2402\/","token":"6.2\/IV\/24\/6.2-2402","metadata":false}],"next_section":{"id":59465,"structure_id":15586,"section_number":"6.2-2401","catch_line":"Securitization transactions; no interest retained by transferor","url":"\/6.2-2401\/","token":"6.2\/IV\/24\/6.2-2401","metadata":{"court_decisions":""}},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-2400\/","history_text":"

This law was first created in 2004. The record of its establishment is cataloged in chapter 600<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":267141,"object_type":"law","relational_id":62998,"identifier":"6.2-2400","token":"6.2\/IV\/24\/6.2-2400","url":"\/6.2-2400\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-2400\/","token":"6.2\/IV\/24\/6.2-2400","dublin_core":{"Title":"Definition","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-2400","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

As used in this chapter:\n\t\t“Securitization transaction<\/span>” means a transaction relating to the issuance or transfer by a special purpose entity<\/span> 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<\/span>, including financial assets<\/span> and other credit exposures, in which that special purpose entity<\/span> has rights or the power to transfer rights.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITION (\u00a7 6.2-2400)\n\nAs used in this chapter:\n\t\t“Securitization transaction” means a transaction relating to the\nissuance or transfer by a special purpose entity of beneficial interests or\nundivided interests, which entitle their holders to receive payments or other\ndistributions that depend primarily on the cash flow from assets, including\nfinancial assets and other credit exposures, in which that special purpose\nentity has rights or the power to transfer rights.\n\nHISTORY: 2004, c. 600, \u00a7 6.1-473; 2010, c. 794.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}