§ 81-27-5.201. Lending limits

A state trust company’s total outstanding loans and extensions of credit to a person other than an insider may not exceed an amount equal to fifteen percent (15%) of the state trust company’s capital. The aggregate loans and extensions of credit outstanding at any time to insiders of the state trust company may not exceed […]

§ 81-27-5.202. Lease financing transactions

Subject to rules or regulations adopted under this chapter, a state trust company may become the owner and lessor of tangible personal property for lease financing transactions on a net lease basis on the specific request and for the use of a client. Without the written approval of the commissioner to continue holding property acquired […]