§ 3-605
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/md/financial-institutions/3-605A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§3–605.
(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.