§36-11-4 Real and personal property; nonprofit association as legatee, devisee or beneficiary
§36-11-4. Real and personal property; nonprofit association as
legatee, devisee or beneficiary.
(a) A nonprofit association in its name may acquire, hold, encumber or transfer an estate or interest in real or personal property.
(b) A nonprofit association may be a legatee, devisee or beneficiary of a trust or contract.