District of Columbia § 26-232 Exchange of securities or real estate for federal bonds.

District of Columbia Statutes

§ 26-232 — Exchange of securities or real estate for federal bonds.

District of Columbia·Title 26 Banks and Other Financial Institutions.·Ch. 2 Building Associations.·Subch. II Federal Securities.

Any building association incorporated or unincorporated, organized and existing under the laws of the District of Columbia, to do or now doing, in the District of Columbia, a building association business, is authorized and empowered to exchange mortgages or deeds of trust or the notes or bonds secured thereby or other obligations and liens secured on real estate or any real estate which it may have or hold, for the bonds of the Home Owners’ Loan Corporation created pursuant to the authority of the Home Owners’ Loan Act of 1933, approved June 13, 1933, and said association is hereby authorized to carry said bonds as an asset at the par value of said bonds.

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Any building association incorporated or unincorporated, organized and existing under the laws of the District of Columbia, to do or now doing, in the District of Columbia, a building association business, is authorized and empowered to exchange mortgages or deeds of trust or the notes or bonds secured thereby or other obligations and liens secured on real estate or any real estate which it may have or hold, for the bonds of the Home Owners’ Loan Corporation created pursuant to the authority of the Home Owners’ Loan Act of 1933, approved June 13, 1933, and said association is hereby authorized to carry said bonds as an asset at the par value of said bonds.

District of Columbia § 26-232 (Exchange of securities or real estate for federal bonds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.