Nothing contained in this chapter shall:\n1. Be deemed to require any securitization transaction to be treated as a sale for federal or state tax purposes or to preclude the treatment of any securitization transaction as debt for federal or state tax purposes or to change any applicable laws relating to the perfection and priority of security or ownership interests of persons other than the transferor, hypothetical lien creditor or, in the event of a bankruptcy, receivership or other insolvency proceeding with respect to the transferor or its property, a bankruptcy trustee, receiver, debtor, debtor in possession, or similar person; or\n2. Change the tax treatment of securitization transactions that take place pursuant to this chapter.\n2004, c. 600, § 6.1-473; 2010, c. 794.
Virginia Legal Code