---
kind: "section"
citation: "12 C.F.R. § 23.11"
title: "12"
number: "23.11"
heading: "Lease term."
url: "https://uscodex.org/cfr/12/23.11"
---

# §23.11. Lease term.


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

### 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.