Upon the incorporation of any such congregation, church, or society, all real and personal property held by any person or trustee for the use of the members thereof shall immediately vest in such corporation and be subject to its control, and may be used, mortgaged, sold, and conveyed the same as if it had been conveyed to such corporation by deed.
Source: L. 1879: p. 35, § 4. G.S. § 387. R.S. 08: § 1037. C.L. § 2403. CSA: C. 41, § 200. CRS 53: § 31-22-4. C.R.S. 1963: § 31-21-4.
Structure Colorado Code
Title 7 - Corporations and Associations
Article 51 - Joint Stock Religious or Benevolent Associations
§ 7-51-102. Affidavit of Chairperson - Where Filed - Effect
§ 7-51-104. Property Vests in Corporation
§ 7-51-105. Powers of Corporation
§ 7-51-107. Board of Directors
§ 7-51-108. Election of Directors
§ 7-51-109. Liability of Stockholders
§ 7-51-110. Certificate of Full Paid Stock
§ 7-51-111. Purchase of Property