Versions of s. 415.1(1)

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

2013-07-01 to present available View Source

It is prohibited for a bank to issue a debt obligation in relation to which the amounts of principal and interest owing are guaranteed to be paid from loans or other assets held by an entity that is created and organized for the principal purpose of holding those loans or other assets and with the intention of legally isolating those loans or other assets from the bank, unless