Wisconsin Statutes 184.04 – Real and personal property; nonprofit association as legatee or beneficiary
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 184.04
- Acquire: when used in connection with a grant of power to any person, includes the acquisition by purchase, grant, gift or bequest. See Wisconsin Statutes 990.01
- 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
(1) A nonprofit association in its name may acquire, hold, encumber or transfer an estate or interest in real or personal property.
(2) A nonprofit association may be a legatee or beneficiary of a trust or contract.