Nebraska § 8-325 - Real estate; acquisition and disposal; powers; limitations.
Full text of Nebraska Revised Statutes of Nebraska § 8-325 — Real estate; acquisition and disposal; powers; limitations., with citation guidance and answers to common questions.
§ 8-325. Real estate; acquisition and disposal; powers; limitations.
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.
Association must dispose of title and possession to property held for five years. State ex rel. Johnson v. Conservative Savings and Loan Assn., 143 Neb. 805, 11 N.W.2d 89 (1943).
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 8-325
What does Revised Statutes of Nebraska § 8-325 cover?
Section 8-325 ("Real estate; acquisition and disposal; powers; limitations.") is part of the Revised Statutes of Nebraska, the codified statutory law of Nebraska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nebraska § 8-325?
A common citation format is "Revised Statutes of Nebraska § 8-325" (Nebraska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nebraska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nebraska official source linked on this page or consult a licensed Nebraska attorney.
How does Nebraska § 8-325 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nebraska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nebraska.