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.
(Mar. 3, 1901, 31 Stat. 1300, ch. 854, § 700.)
1981 Ed., § 26-515.
1973 Ed., § 26-414.
Structure District of Columbia Code
Title 26 - Banks and Other Financial Institutions
Chapter 2 - Building Associations
§ 26–201. Formation; general nature and powers
§ 26–203. Bonus to be paid by late subscribers
§ 26–206. Foreign associations
§ 26–207. Advancements — Payments of premiums
§ 26–208. Advancements — Security
§ 26–209. Advancements — Participation of all shares in profits
§ 26–210. Advancements — Redemption on failure to bid
§ 26–211. Withdrawal by shareholder
§ 26–212. Repayment of advances