Pub. L. 104-188, tit. I, subtit. C, sec. 1304

FINANCIAL INSTITUTIONS PERMITTED TO HOLD SAFE HARBOR DEBT.

EnactedYear: 1996Length: 52 wordsOfficial source
SEC. 1304. FINANCIAL INSTITUTIONS PERMITTED TO HOLD SAFE HARBOR DEBT. Clause (iii) of section 1361(c)(5)(B) (defining straight debt) is amended by striking “or a trust described in paragraph (2)” and inserting “a trust described in paragraph (2), or a person which is actively and regularly engaged in the business of lending money”.
Pub. L. 104-188, tit. I, subtit. C, sec. 1304: FINANCIAL INSTITUTIONS PERMITTED TO HOLD SAFE HARBOR DEBT. | Justis AI