Real and personal property; nonprofit association as legatee or beneficiary.

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184.04 Real and personal property; nonprofit association as legatee 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 or beneficiary of a trust or contract.

History: 1997 a. 140.


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