---
kind: "section"
citation: "12 C.F.R. § 23.20"
title: "12"
number: "23.20"
heading: "General rule."
url: "https://uscodex.org/cfr/12/23.20"
---

# §23.20. General rule.


Pursuant to [12 U.S.C. 24(Seventh)](/usc/12/24.md?p=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).


## 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.