Offices; Multibranch Parties - ISDA Provision: Difference between revisions

Section {{isdaprov|10}} of the {{isdama}} allows parties to specify whether they are [[Multibranch Parties - ISDA Provision|Multibranch Parties]].  Electing “[[Multibranch Parties - ISDA Provision|Multibranch Party]]” status allows you to transact out of the named [[branch]]es of the same [[legal entity]]. Details fans will immediately note that, from the point of view of legal and corporate philosophy — surely a subject dear to every attorney’s heart — the differing [[branch]]es of a [[legal entity]] have no distinct [[legal personality]] any more than does a person’s arm or leg have different personality from {{sex|her}} head. So being a “multibranch” party seems immaterial.