# 12 CFR § 23.20: General rule

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-12-23.20

## Section

- **Citation:** 12 CFR § 23.20
- **Heading:** General rule
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 12—Banks and Banking > CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY > PART 23—LEASING > Subpart C—Section 24(Seventh) Leases

## Text

Pursuant to 12 U.S.C. 24(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).

## Nearby sections

- [12 CFR § 23.1 § 23.1 Authority, purpose, and scope.](https://www.frixlaw.com/law-library/statutes/ecfr-12-23.1.md)
- [12 CFR § 23.2 § 23.2 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-23.2.md)
- [12 CFR § 23.3 § 23.3 Lease requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-12-23.3.md)
- [12 CFR § 23.4 § 23.4 Investment in personal property.](https://www.frixlaw.com/law-library/statutes/ecfr-12-23.4.md)
- [12 CFR § 23.5 § 23.5 Requirement for separate records.](https://www.frixlaw.com/law-library/statutes/ecfr-12-23.5.md)
- [12 CFR § 23.6 § 23.6 Application of lending limits; restrictions on transactions with affiliates.](https://www.frixlaw.com/law-library/statutes/ecfr-12-23.6.md)
- [12 CFR § 23.10 § 23.10 General rule.](https://www.frixlaw.com/law-library/statutes/ecfr-12-23.10.md)
- [12 CFR § 23.11 § 23.11 Lease term.](https://www.frixlaw.com/law-library/statutes/ecfr-12-23.11.md)
- [12 CFR § 23.12 § 23.12 Transition rule.](https://www.frixlaw.com/law-library/statutes/ecfr-12-23.12.md)
- [12 CFR § 23.20 § 23.20 General rule.](https://www.frixlaw.com/law-library/statutes/ecfr-12-23.20.md)
- [12 CFR § 23.21 § 23.21 Estimated residual value.](https://www.frixlaw.com/law-library/statutes/ecfr-12-23.21.md)
- [12 CFR § 23.22 § 23.22 Transition rule.](https://www.frixlaw.com/law-library/statutes/ecfr-12-23.22.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-12-23.20. Check the current official text before relying on it. Not legal advice.