POWER TO HOLD REAL PROPERTY
{a Federal law prescribed that a national bank
may “purchase, hold, and convey” real estate for
the following purposes only :

1—Such as shall be necessary for its accommodation in the transaction
of its business.

2—Such as shall be mortgaged to it in good faith by way of security for
debts previously contracted.

3—Such as shall be conveyed to it in satisfaction of debts previously
contracted in the course of its dealing.

A—Such as it shall purchase at sales under judgments, decrees, or mortgages
 held by the bank, or shall purchase to secure debts due to it.

It is, however, unlawful for a national bank to hold for
a longer period than five years any real estate under
mortgage or title and possession of any real estate
purchased to secure debt.

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