Idaho Code 30-27-106 – Ownership and Transfer of Property
Current as of: 2023 | Check for updates
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(a) An unincorporated nonprofit association may acquire, hold, or transfer in its name an interest in property.
(b) An unincorporated nonprofit association may be a beneficiary of a trust or contract, a legatee, or a devisee.
Terms Used In Idaho Code 30-27-106
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Contract: A legal written agreement that becomes binding when signed.
- Legatee: A beneficiary of a decedent
- Property: includes both real and personal property. See Idaho Code 73-114