(a) General rule.--A nonprofit association may acquire, hold or transfer, in its name, an interest in property.
(b) Testamentary and fiduciary dispositions.--A nonprofit association may be a beneficiary of a trust or contract, a legatee or a devisee.
(c) Authority to take and hold trust property.--Every nonprofit association organized for a charitable purpose or purposes may take, receive and hold real and personal property as may be given, devised to or otherwise vested in the nonprofit association, in trust, for the purpose or purposes set forth in its governing principles. The managers of the nonprofit association shall, as trustees of the property, be held to the same degree of responsibility and accountability as other trustees, unless a lesser degree or a particular degree of responsibility and accountability is prescribed in the trust instrument, or unless the managers remain under the control of the members of the nonprofit association or third persons who retain the right to direct, and do direct, the actions of the managers as to the use of the trust property from time to time.
(d) Nondiversion of certain property.--Property of a nonprofit association committed to charitable purposes shall not, by any proceeding under Chapter 3 (relating to entity transactions) or otherwise, be diverted from the objects to which it was donated, granted or devised, unless and until the nonprofit association obtains from the court an order under 20 Pa.C.S. Ch. 77 (relating to trusts) specifying the disposition of the property.
(July 9, 2013, P.L.476, No.67, eff. 60 days; Nov. 21, 2016, P.L.1328, No.170, eff. 90 days)
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 91 - Unincorporated Nonprofit Associations
Section 9101 - Customary parliamentary law applicable (Repealed)
Section 9102 - Funeral and similar benefits (Repealed)
Section 9103 - Nontransferable membership interests (Repealed)
Section 9111 - Short title and application of chapter
Section 9115 - Ownership and transfer of property
Section 9116 - Statement of authority as to real property
Section 9118 - Assertion and defense of claims
Section 9119 - Effect of judgment or order
Section 9120 - Appointment of agent to receive service of process
Section 9121 - Action or proceeding not abated by change of members or managers
Section 9122 - Member not agent
Section 9123 - Approval by members
Section 9124 - Action by members
Section 9125 - Duties of member
Section 9127 - Member's interest not transferable
Section 9128 - Selection and management rights of managers
Section 9129 - Duties of managers
Section 9130 - Action by managers
Section 9131 - Right of member or manager to information
Section 9132 - Distributions prohibited; compensation and other permitted payments
Section 9133 - Reimbursement, indemnification and advancement of expenses