Owning and leasing personal property

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    (a)    This section does not apply to a leasehold interest in real property.

    (b)    Subject to the rules and regulations of the Commissioner, a commercial bank may become the owner and lessor of personal property if:

        (1)    The personal property is acquired on the specific request of and for the use of a customer; and

        (2)    The investment of the commercial bank in personal property does not exceed:

            (i)    For any one customer, 10 percent of the unimpaired capital and surplus of the commercial bank; and

            (ii)    For all of its customers, the total of its unimpaired capital and surplus.


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