Regulatory Text
12 C.F.R. § 23.10 — General rule.
§ 23.10 General rule. Pursuant to 12 U.S.C. 24(Tenth) a national bank may invest in tangible personal property, including vehicles, manufactured homes, machinery, equipment, or furniture, for the purpose of, or in connection with leasing that property, if the aggregate book value of the property does not exceed 10 percent of the bank's consolidated assets and the related lease is a conforming lease. For the purpose of measuring compliance with the 10 percent limit prescribed by this section, a national bank records the investment in a lease entered into pursuant to this subpart net of any nonrecourse debt the bank has incurred to finance the acquisition of the leased asset.
Source: ecfr.gov · govinfo.gov — public domain
Official Source ↗
Root-LD Entity Data
◈ Machine-Readable Provenance Record
Root-LD v1.0 · boisestandard.org
Federation ID
BS-CFR12-SEC-C34193
Entity Class
REGULATION / FEDERAL-CFR-SECTION
Domain Signature
boisestandard.org
Citation
12 C.F.R. § 23.10
Corpus
CFR — Code of Federal Regulations
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
225a13b8b03628b2...
Semantic Edges
Pending — corpus passes queued
The regulatory text of 12 C.F.R. § 23.10 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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Title 12 — Banks and Banking
12 C.F.R. § 1.112 C.F.R. § 1.212 C.F.R. § 1.312 C.F.R. § 1.412 C.F.R. § 1.512 C.F.R. § 1.612 C.F.R. § 1.712 C.F.R. § 1.812 C.F.R. § 1.10012 C.F.R. § 1.11012 C.F.R. § 1.12012 C.F.R. § 1.13012 C.F.R. § 2.112 C.F.R. § 2.212 C.F.R. § 2.312 C.F.R. § 2.412 C.F.R. § 2.512 C.F.R. § 3.112 C.F.R. § 3.212 C.F.R. § 3.312 C.F.R. § 3.4.3.912 C.F.R. § 3.1012 C.F.R. § 3.1112 C.F.R. § 3.1212 C.F.R. § 3.13.3.1912 C.F.R. § 3.2012 C.F.R. § 3.2112 C.F.R. § 3.2212 C.F.R. § 3.23.3.2912 C.F.R. § 3.30
12 C.F.R. — public domain
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