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Nebraska · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Neb. Rev. Stat. § 8-325: Neb. Rev. Stat. § 8-325

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Where this section sits in the code
  1. NE Code
  2. Chapter 8

Such association may purchase, hold, lease and convey real estate or stock for the following purposes and no others:

(1) Such real estate as it may need to occupy as a place of business;

(2) Such as shall in good faith be conveyed to it in satisfaction of debts contracted in the ordinary course of business;

(3) Such as it shall purchase at sales under judgments, decrees or mortgages held by the association, or shall purchase in good faith to secure debts due;

(4) Such as it shall in good faith acquire as a part of the consideration for the sale or exchange of real estate owned by it;

(5) Such as shall be acquired in salvaging the value of property owned by the association; and

(6) Such as is permitted building and loan service corporations under section 8-320.01 . Nothing in this section shall be construed to forbid the mortgaging of real estate to such associations.

Collected 2026-09-14T18:32:21Z. Source file · JSON

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