Massachusetts General Laws ch. 67 sec. 46 – Powers of corporation
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Section 46. Such corporation may receive, hold and manage all real and personal property belonging to such church; may sell and convey the same; and may hold in trust gifts, grants, bequests or devises to such church for the support of public worship and for other religious purposes; but all the property belonging to any one church or parish and held by such corporation shall never exceed one hundred thousand dollars exclusive of the church buildings.
Terms Used In Massachusetts General Laws ch. 67 sec. 46
- 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.
- Personal property: All property that is not real property.