§1503 Acquisition by inheritance, in collection of debts, etc.

Summary

Allows non-U.S. citizens (aliens) to obtain land or any interest in land by inheritance or when collecting debts. They may also take or hold liens, lend money secured by land, enforce those liens, and hold title to property tied to such liens or loans. Any land gotten this way must be sold within ten years after their ownership is finalized, or it becomes U.S. government property and is forfeited under sections 1504–1507.