Regulations last checked for updates: May 03, 2025

Title 12 - Banks and Banking last revised: Apr 15, 2025
§ 23.20 - General rule.

Pursuant to 12 U.S.C. 24(Seventh) a national bank may invest in tangible or intangible personal property, including vehicles, manufactured homes, machinery, equipment, furniture, patents, copyrights, and other intellectual property, for the purpose of, or in connection with leasing that property, if the related lease is a conforming lease representing a noncancelable obligation of the lessee (notwithstanding the possible early termination of that lease).

authority: 12 U.S.C. 1
source: 61 FR 66560, Dec. 18, 1996, unless otherwise noted.
cite as: 12 CFR 23.20