458.205 Powers of corporation.

228 words·~1 min read·/mi/chapter-458/458-205

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 5.

Such corporation may have a seal and alter the same at will; it may, in its corporate name, sue and be sued in all the courts of this state; it shall have power to acquire, hold, sell and convey property, both real and personal, in accordance with this act; it may hold and recover all debts, demands, rights, privileges, and all property, real or personal, of whatsoever nature it may be, belonging or appertaining to said church, out of which, and as auxiliary to which, it is incorporated, in whatsoever manner the same may have been acquired and in whosoever hands the same may be held, the same as if the right and title to the same had originally been vested in said corporation; it may hold so much real property as may be needed for the purposes of church building and a manse or parsonage; it may also hold for a period not exceeding 10 years, such real estate as may be conveyed or devised to it, even though the same may not be needed for a church building or a parsonage, the proceeds from the same when sold to be used for said church purposes as may be determined upon.

History: 1909, Act 265, Eff. Sept. 1, 1909 ;-- CL 1915, 11091 ;-- CL 1929, 10928 ;-- CL 1948, 458.205