Nevada Revised Statutes 81.760 – Ownership and transfer of property
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1. An unincorporated nonprofit association may acquire, hold, encumber or transfer in its name an interest in real or personal property.
Terms Used In Nevada Revised Statutes 81.760
- 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
- Personal property: All property that is not real property.
2. An unincorporated nonprofit association may be a beneficiary of a trust or contract, a legatee or a devisee.