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

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

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

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

      1. (i) For any one customer, 10 percent of the unimpaired capital and surplus of the commercial bank; and
      2. (ii) For all of its customers, the total of its unimpaired capital and surplus.

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1996, c. 326, § 2, eff. July 1, 1996.

Formerly Art. 11, §§ 31, 57.