Code of Federal Regulations · Section
§ 23.11 — Lease Term
12 C.F.R. § 23.11
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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.
Authorizing Statute
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Office of the Comptroller of the Currency12 U.S.C. § 1