Acquisition of real property for use of customer; loan secured by real property.

Sec. 4308. (1) A bank may lease, purchase, hold, and convey real property for the use of a customer by lease arrangement with the bank, but the acquisition of real property and leasing to a customer constitutes a loan secured by real property for purposes of section 4202. (2) A bank may incur additional obligations incident to becoming an owner or lessor of real property acquired for the use of a customer. (3) Inventory of real property held under this section and not leased shall not exceed 25% of the bank's capital and surplus.