Upon the completion of the organization of any such society, the title to the real property theretofore owned by it shall thereupon vest in the society as hereunder organized, and shall not be divested out of the same, or encumbered, except by a deed, deed of trust, or mortgage duly executed under the authority of a resolution adopted by a majority vote of the members present at a meeting duly called for that purpose, at which meeting at least twenty percent (20%) of the members in good standing of such organized society must be present. The minutes of such meeting shall be entered in the official record book of such society, and the aforesaid resolution shall designate which officers, trustees or managers of such society are to execute such deed, deed of trust, or mortgage.
The provisions of this subsection shall also apply to all real property acquired by any such society after its organization hereunder.
Any such body shall likewise have the right to own all, but only, those properties permitted under Section 79-11-33 of the Mississippi Code of 1972.
Structure Mississippi Code
Title 79 - Corporations, Associations, and Partnerships
Chapter 11 - Nonprofit, Nonshare Corporations and Religious Societies
§ 79-11-31. Religious societies
§ 79-11-33. Religious societies may own certain property
§ 79-11-43. Designation as "perpetual religious society trust funds religious societies."
§ 79-11-47. Accounting and reporting requirements for auditing procedures for certain records