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.
Holding of real estate - Limitation
N.D.C.C. § 6-03-09 — under Powers, Management, and Operation of Banks.
N.D.C.C. § 6-03-09