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 mort- 
gages 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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