Maryland § 3-605
Full text of Maryland Maryland Code § 3-605, with citation guidance and answers to common questions.
§ 3-605.
(a) This section does not apply to a leasehold interest in real property.
(b) Subject to the rules and regulations of the Commissioner, a commercial bank may become the owner and lessor of personal property if:
(1) The personal property is acquired on the specific request of and for the use of a customer; and
(2) The investment of the commercial bank in personal property does not exceed:
(i) For any one customer, 10 percent of the unimpaired capital and surplus of the commercial bank; and
(ii) For all of its customers, the total of its unimpaired capital and surplus.
Frequently Asked Questions About Maryland § 3-605
What does Maryland Code § 3-605 cover?
Section 3-605 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 3-605?
A common citation format is "Maryland Code § 3-605" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 3-605 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.