Pub. L. 100-86, tit. I, sec. 108

LEASING AUTHORITY OF NATIONAL BANKS.

EnactedYear: 1987Length: 66 wordsOfficial source
SEC. 108. LEASING AUTHORITY OF NATIONAL BANKS. Section 5136 of the Revised Statutes (12 U.S.C. 24) is amended by adding at the end thereof the following: “Tenth. To invest in tangible personal property, including, without limitation, vehicles, manufactured homes, machinery, equipment, or furniture, for lease financing transactions on a net lease basis, but such investment may not exceed 10 percent of the assets of the association.”.
Pub. L. 100-86, tit. I, sec. 108: LEASING AUTHORITY OF NATIONAL BANKS. | Justis AI