Sec. 12. Such trustees and their successors in office may also acquire and possess personal property for the use of any such society, and may appropriate the same, and the income or interest thereof, and all other funds and incomes in their hands as such trustees, for the purposes designated by such society, not inconsistent with the trust.
Formerly: Acts 1852, 1RS, c.101, s.12; Acts 1925, c.68, s.1.
Structure Indiana Code
Title 23. Business and Other Associations
Article 10. Fraternal and Other Similar Associations
Chapter 2. Land Acquisition and Construction of Buildings for Benevolent Purposes
23-10-2-1. Acquisition of Land; Purposes
23-10-2-2. Society; Definition
23-10-2-3. Election of Trustees; Notice
23-10-2-4. Election Certificate; Recording; Duties of Clerk
23-10-2-5. Certificate; Conclusive and Presumptive Evidence
23-10-2-6. Succession of Trustees
23-10-2-8. Selection of Appointment of Trustees According to Custom
23-10-2-10. Change of Corporate Name
23-10-2-11. Receiving and Holding Conveyances of Land
23-10-2-12. Acquiring and Possessing of Personal Property
23-10-2-13. Sale or Other Disposition of Corporate Property
23-10-2-14. Revival of Dissolved Corporation
23-10-2-15. Applicability of Chapter to Prior Acquisitions
23-10-2-16. Performance of Trustees' Duties by Officers
23-10-2-17. Applicability of Chapter to Cemetery Associations
23-10-2-18. Donations and Purchases; Rights and Privileges
23-10-2-19. Conveyance for Cemetery Purposes; Holding in Trust
23-10-2-20. Designated Burial Lots
23-10-2-21. Donor of Private Burying Ground; Exclusive Right of Admitting
23-10-2-22. Subsequent Disposition by Donor; Applicability of Chapter