---
kind: "section"
citation: "31 C.F.R. § 354.0"
title: "31"
number: "354.0"
heading: "Applicability; maintenance of Sallie Mae Securities."
url: "https://uscodex.org/cfr/31/354.0"
---

# §354.0. Applicability; maintenance of Sallie Mae Securities.

- (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.

## Notes

### Authority

Authority: 12 U.S.C. 391; 20 U.S.C. 1087-2(m).

### Source

Source: 62 FR 622, Jan. 6, 1997, unless otherwise noted.