
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 48USC1503]

 
              TITLE 48--TERRITORIES AND INSULAR POSSESSIONS
 
                    CHAPTER 11--ALIEN OWNERS OF LAND
 
Sec. 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, Sec. 3, 24 Stat. 477; Mar. 2, 1897, ch. 363, 29 
Stat. 618.)

                          Codification

    Section was formerly classified to section 73 of Title 8, Aliens and 
Nationality.
