Iowa Code (Last Updated: December 05, 2016) |
Title XII. BUSINESS ENTITIES |
Chapter 501B. REVISED UNIFORM UNINCORPORATED NONPROFIT ASSOCIATION ACT |
Section 501B.6. Ownership and transfer of property.
Latest version.
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1. An unincorporated nonprofit association may acquire, hold, encumber, or transfer in its name an interest in real or personal property.
2. An unincorporated nonprofit association may be a beneficiary of a trust or contract, a legatee, or a devisee.