(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.
Wis. Stat. § 184.04
Real and personal property; nonprofit association as legatee or beneficiary
1997 a. 140.
Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.