§ 354.0. Applicability; maintenance of Sallie Mae Securities.
87 words·~1 min read·
/us/cfr/t31/s§ 354.0·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)A Sallie Mae Security may be maintained in the form of a Definitive Sallie Mae Security or a Book-entry Sallie Mae Security. A Book-entry Sallie Mae Security shall be maintained in the Book-entry System.
(b)The Sallie Mae Securities to which the regulations in this part apply are obligations which, by the terms of their issue, are available exclusively as Book-entry Sallie Mae Securities or which, pursuant to the securities documentation, are convertible from Book-entry Sallie Mae Securities to Definitive Sallie Mae Securities or vice versa.