§ 26-215. Purchase of real property.

Current through October 23, 2012

Such corporation shall not invest its fund in any real estate except what is necessary for the conduct of its business, but may purchase such property at sales made upon foreclosure of mortgages or in satisfaction of judgments or other liens held by it; provided, that such property so purchased be sold within a reasonable time thereafter.

                
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(Mar. 3, 1901, 31 Stat. 1300, ch. 854, § 700.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 26-515.

1973 Ed., § 26-414.