Sec. 13. Such trustees, to more effectually carry out the objects of their trust, may sell, loan or otherwise dispose of their corporate property; and any conveyance thereof by such trustees, or a majority of them, in behalf of such society, shall vest in the purchaser of the same, all the right, title and interest thereto; but the provisions of this section shall not be construed to affect any gift, bequest or devise to such society, or to trustees for its use, nor to defeat the intentions of the grantor, donor or testator.
Formerly: Acts 1852, 1RS, c.101, s.13.
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