53-704 REAL AND PERSONAL PROPERTY -- NONPROFIT ASSOCIATION AS LEGATEE, DEVISEE OR BENEFICIARY.

TITLE 53

PARTNERSHIP

CHAPTER 7

UNIFORM UNINCORPORATED NONPROFIT ASSOCIATION ACT

53-704. Real and personal property -- Nonprofit association as legatee, devisee or beneficiary. (1) A nonprofit association in its name may acquire, hold, encumber or transfer an estate or interest in real or personal property.

(2) A nonprofit association may be a legatee, devisee or beneficiary of a trust or contract.