Us Code § 1503 - Acquisition by inheritance, in collection of debts, etc.
Full text of Us Code United States Code § 1503 — Acquisition by inheritance, in collection of debts, etc., with citation guidance and answers to common questions.
§ 1503. Acquisition by inheritance, in collection of debts, etc.
This chapter shall not prevent aliens from acquiring lands or any interests therein by inheritance or in the ordinary course of justice in the collection of debts, nor from acquiring liens on real estate or any interest therein, nor from lending money and securing the same upon real estate or any interest therein; nor from enforcing any such lien, nor from acquiring and holding title to such real estate, or any interest therein, upon which a lien may have heretofore or may hereafter be fixed, or upon which a loan of money may have been heretofore or hereafter may be made and secured. All lands so acquired shall be sold within ten years after title shall be perfected in him under said sale or the same shall escheat to the United States and be forfeited as provided in sections 1504 to 1507 of this title.
(Mar. 3, 1887, ch. 340, §3, 24 Stat. 477; Mar. 2, 1897, ch. 363, 29 Stat. 618.)
Editorial Notes
Codification
Section was formerly classified to section 73 of Title 8, Aliens and Nationality.
About This Section
48 U.S.C. § 1503 is part of Title 48 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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