Maryland Statutes

§ 3-605

Maryland·Article gfi Financial Institutions·Title 3
(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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Nearby Sections

15
§ 3-101
§ 3-101
§ 3-102
§ 3-102
§ 3-103
§ 3-103
§ 3-201
§ 3-201
§ 3-202
§ 3-202
§ 3-203
§ 3-203
§ 3-203.1
§ 3-203.1
§ 3-204
§ 3-204
§ 3-205
§ 3-205
§ 3-206
§ 3-206
§ 3-207
§ 3-207
§ 3-208
§ 3-208
§ 3-209
§ 3-209
§ 3-211
§ 3-211
§ 3-211.1
§ 3-211.1
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