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This entry was published on 2014-09-22
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Power to take and convey real property
General Associations (GAS) CHAPTER 29, ARTICLE 2
§ 6. Power to take and convey real property. A joint-stock
association, in the name of its president, as such president, may
purchase, take, hold and convey such real property only,

1. As may be necessary for its immediate accommodation in the
convenient transaction of its business.

2. As may be mortgaged to it in good faith by way of security for
loans made by or moneys due to it.

3. As it may purchase at sales under judgments, decrees or mortgages
held by it.