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§ 31. Limitation upon right of unincorporated societies to hold property; title to property hel...

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 10 P.S. Charities and Welfare

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 10 P.S. Charities and Welfare (Refs & Annos)
Chapter 3. Property
Restrictions on Amount of Property in General
10 P.S. § 31
§ 31. Limitation upon right of unincorporated societies to hold property; title to property held in excess of limitation
It shall not be lawful for any unincorporated literary, religious or charitable society, church, association or congregation, hereafter to acquire and hold, either in the associate name or that of trustees or otherwise, real or personal property that in the aggregate is of a greater yearly value than if incorporated it would be allowed to hold under the general laws of this commonwealth for incorporating such associations; nor shall it be lawful for any corporation incorporated under any law of this state, hereafter to acquire and hold through any trustee or trustees, or by any other device whatsoever, real or personal estate to a greater amount or value than such incorporation is by its charter allowed to hold: Provided, That any property now held as aforesaid, in excess of such value, shall not be hereby invalidated or prejudiced, in title or otherwise.

Credits

1855, April 26, P.L. 328, § 4.
10 P.S. § 31, PA ST 10 P.S. § 31
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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