South Dakota Statutes
§ 54-1-9 — "Securitization" defined.
For purposes of §§ and 54-1-10 , a securitization is the pooling and repackaging by a special purpose entity of assets or other credit exposures that can be sold to investors. Securitization includes transactions that create stratified credit risk positions whose performance is dependent upon an underlying pool of credit exposures, including loans and commitments.
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South Dakota § 54-1-9 ("Securitization" defined.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 2003, ch 241, § 1.
Nearby Sections
15
§ 54-1-2
Loan of money defined.§ 54-1-6
"Open account" defined.§ 54-1-7
Open account--Interest rates.§ 54-1-9
"Securitization" defined.§ 54-10-1
Definition of terms.§ 54-10-10
Value of security, determination by liquidator's sale of assets--Order of sale, requirements.§ 54-10-13
Uniformity of interpretation of chapter.