Holding of real estate - Limitation

N.D. Cent. Code § 6-03-09
in effect
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6-03-09. Holding of real estate - Limitation No banking association may hold the possession of any real estate under mortgage, nor title and possession of any real estate purchased to satisfy indebtedness, for a longer period than five years from the date of acquiring title thereto unless such time has been extended by certificate of the commissioner.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c03.pdf#nameddest=6-03-09Fetched: 10/16/2026

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