2005 North Carolina Code - General Statutes § 39-24. Authority to acquire and hold real estate.

Article 4.

Voluntary Organizations and Associations.

§ 39‑24.  Authority to acquire and hold real estate.

Voluntary organizations and associations of individuals organized for charitable, fraternal, religious, social or patriotic purposes, when organized for the purposes which are not prohibited by law, are hereby authorized and empowered to acquire real estate and to hold the same in their common or corporate names and may sue and be sued in their common or corporate names concerning real estate so held: Provided, that voluntary organizations and associations of individuals, within the meaning of this Article, shall not include associations, partnerships or copartnerships which are organized to engage in any business, trade, or profession. (1939, c. 133, s. 1; 1951, c. 86; 1965, c. 809.)