§ 3–605

Statutes in effect as of October 1, 2026.

Md. Code Ann., Fin. Inst. § 3-605 (2026)

Title 3. Banking Institutions -- Commercial Banks

Subtitle 6. Miscellaneous Regulations

(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.