                                 CODE OF VIRGINIA

DEFINITION (§ 6.2-2400)

As used in this chapter:
		&#8220;Securitization transaction&#8221; 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.

HISTORY: 2004, c. 600, § 6.1-473; 2010, c. 794.