Section 38B:
Securitisation of debt.
1[38B. Securitisation of debt.--Notwithstanding anything contained in this Act, the National Bank
may--
(a) create one or more trusts and transfer loans and advances granted by it, with or without the
securities, to such trusts, for consideration;
(b) set aside loans or advances held by the National Bank and issue and sell securities based upon
such loans or advances so set aside in the form of debt obligations, trust certificates of beneficial
interest or other instruments, by whatever name called, and act as a trustee for the holders of such
securities.]
Notes:
1. Ins. by s. 24, ibid. (w.e.f. 1-2-2001).