value in accordance with the accounting standards; (2) value determined by the financial advisor as reasonable price for transfer of assets that has taken into account credit enhancement for
into account credit enhancement for securitization, providing that such financial advisor shall not be the financial advisor of the project. Section 21. The provisions of Section 15, Section 16, Section
financial advisor as reasonable price for transfer of assets that has taken into account credit enhancement for securitization, providing that such financial advisor shall not be the financial advisor of the
a provisional representative of the special purpose juristic person. The provisional representative under the first paragraph shall have the sole authority to manage the business of the special
new trustee shall be made in accordance with the rules as specified in the notification of the SEC Office. 6 SECTION 25 In cases where the trust instrument appoints a sole trustee or several trustees
the trust instrument appoints a sole trustee or several trustees and specifies each trustee to separately manages the trust property, if there is a cause to alter the trustee but the new trustee has not
version is prepared by staff of the Legal Department with the sole purpose of providing foreigners with information concerning the Securities and Exchange Act (No. 4) B.E. 2551 Accordingly this second draft