§23.11. Lease term.
12 C.F.R. § 23.11
A CEBA Lease must have an initial term of not less than 90 days. A national bank may acquire property subject to an existing lease with a remaining maturity of less than 90 days if, at its inception, the lease was a conforming lease.
Notes, amendments, and revision history
Authority
Authority: 12 U.S.C. 1 et seq., 24(Seventh), 24(Tenth), and 93a.
Source
Source: 61 FR 66560, Dec. 18, 1996, unless otherwise noted.