§429-4 - Real and personal property; nonprofit association as legatee, devisee, or beneficiary. - Hawaii Statutes

     [§429-4]  Real and personal property; nonprofit association as legatee, devisee, or beneficiary.  (a)  A nonprofit association shall be a legal entity separate from its members for the purposes of acquiring, holding, encumbering, and transferring real and personal property.

     (b)  A nonprofit association in its name may acquire, hold, encumber, or transfer an estate or interest in real or personal property.

     (c)  A nonprofit association may be a beneficiary of a trust or contract, a legatee, or a devisee. [L 1999, c 161, pt of §1]