57-16.1 - Property of unincorporated church held by corporation. - Virginia Statutes

§ 57-16.1. Property of unincorporated church held by corporation.

Whenever the laws, rules, or ecclesiastic polity of an unincorporated churchor religious body provide for it to create a corporation to hold, administer,and manage its real and personal property, such corporation shall have thepower to (i) acquire by deed, devise, gift, purchase, or otherwise, any realor personal property for any purpose authorized and permitted by the laws,rules, or ecclesiastic polity of the church or body, and not prohibited bythe law of the Commonwealth and (ii) hold, improve, mortgage, sell, andconvey the same in accordance with such law, rules, and ecclesiastic polity,and in accordance with the law of the Commonwealth.

(2005, cc. 772, 928.)