KRS 286.3-105: Bank may acquire and hold personal property at request of customer --

Property deemed collateral.

Subject to such limitations and conditions as the commissioner may from time to time

prescribe by general regulations, any bank or trust company organi zed under the laws of

this state may purchase, hold, and become the owner and lessor of personal property and

may incur such additional obligations as may be incident to becoming an owner and

lessor of such personal property, provided, however, that the ne t unrecovered investment

of such bank or trust company in such personal property shall, for the purposes of KRS

286.3-280 only, be deemed to be an indebtedness of the lessee thereof, and such personal

property shall be considered to be collateral securing such indebtedness.