Maryland Statutes
Subtitle 6 - Miscellaneous Regulations
Section 3-605 - Owning and Leasing Personal Property

(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.

Structure Maryland Statutes