16:1-27 - Effect of incorporation of unincorporated society on property previously held
16:1-27.Ā Effect of incorporation of unincorporated society on property previously held
When real estate has been conveyed or devised to any unincorporated religious association, society, meeting, congregation or organization, or to any persons as officers, trustees or otherwise on behalf of or in the interest of such religious body, upon condition that the same shall be held in trust forĀ specific uses, or the rents, issues and profits be appropriated to specificĀ uses and purposes, and such religious body subsequently becomes incorporated,Ā then the title to such real estate shall vest in the incorporated association,Ā society, meeting, congregation or organization as effectually as if it had beenĀ incorporated at the time of such conveyance or devise and such conveyance orĀ devise had been made directly to the incorporated body.Ā Such corporation shallĀ have the same right to convey such real estate as the unincorporated body orĀ such persons had, and any deed made by the corporation, its trustees orĀ officers, shall be valid and effectual.
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When real estate has been conveyed or devised to any unincorporated religious association, society, meeting, congregation or organization, or to any persons as officers, trustees or otherwise on behalf of or in the interest of such religious body, upon condition that the same shall be held in trust forĀ specific uses, or the rents, issues and profits be appropriated to specificĀ uses and purposes, and such religious body subsequently becomes incorporated,Ā then the title to such real estate shall vest in the incorporated association,Ā society, meeting, congregation or organization as effectually as if it had beenĀ incorporated at the time of such conveyance or devise and such conveyance orĀ devise had been made directly to the incorporated body.Ā Such corporation shallĀ have the same right to convey such real estate as the unincorporated body orĀ such persons had, and any deed made by the corporation, its trustees orĀ officers, shall be valid and effectual.
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