Delaware Code Title 12 Sec. 3553 – Sale of real estate and proceeds
Current as of: 2023 | Check for updates
|
Other versions
Any real estate given, granted or devised to a cemetery corporation in trust, in accordance with § 3552 of this title, other than a lot or lots in the cemetery or cemeteries, may be sold and conveyed by the cemetery corporation at its discretion and the proceeds thereof shall be held under the same uses and trusts and subject to the same limitations as applied to the real estate before the sale thereof, but the donor of the real estate may provide otherwise in the trust instrument.
40 Del. Laws, c. 222, § ?2; Code 1935, § ?3964; 12 Del. C. 1953, § ?3553;
Terms Used In Delaware Code Title 12 Sec. 3553
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Donor: The person who makes a gift.