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

§ 1904. Real and personal property; nonprofit association as legatee, devisee or beneficiary. (a) A nonprofit association in its name may acquire, hold, encumber or transfer an estate or interest in real or personal property. (b) A nonprofit association may be a legatee, devisee or beneficiary of a trust or contract.71 Del. Laws, c. 79, § 1;