Hawaii Revised Statutes 429-4 Real and Personal Property; Nonprofit Association As Legatee, Devisee, or Beneficiary.

[§429-4] Real and personal property; nonprofit association as legatee, devisee, or beneficiary. (a) A nonprofit association shall be a legal entity separate from its members for the purposes of acquiring, holding, encumbering, and transferring real and personal property.

(b) A nonprofit association in its name may acquire, hold, encumber, or transfer an estate or interest in real or personal property.

(c) A nonprofit association may be a beneficiary of a trust or contract, a legatee, or a devisee. [L 1999, c 161, pt of §1]

Section: Previous  429-1  429-2  429-3  429-4  429-5  429-6  429-7  429-8  429-9  429-10  429-11  429-12  429-13    Next

Last modified: October 27, 2016