Pennsylvania Act 1889-40 — CHARITABLE SOCIETIES - RELATING TO

Act text

CHARITABLE SOCIETIES - RELATING TO
                  Act of Apr. 22, 1889, P.L. 42, No. 40               Cl. 10
                               A SUPPLEMENT

     To "An act relating to corporations and to estates held for
        corporate, religious and charitable uses," approved the
        twenty-sixth day of April, Anno Domini one thousand eight
        hundred and fifty-five, increasing the limit of real and
        personal estates which may be held by such corporations.

        Section 1.  Charitable societies, etc; may hold real and
     personal estate to the yearly value of $350,000
        Any literary, religious, charitable or beneficial society,
     congregation, association or corporation having capacity to take
     and hold real and personal estate within this Commonwealth, may
     acquire and/or hold the same, regardless of when acquired, to
     the extent in the aggregate of the clear yearly value of three
     hundred and fifty thousand dollars ($350,000), and to no greater
     extent, without a decree of court in accordance with the acts of
     Assembly in such case made and provided.  Such value shall be
     ascertained as provided by the act (1855, April 26, P.L. 328) to
     which this is a supplement.  1889, April 22, P.L. 42, Sec. 1;
     1929, March 13, P.L. 21, Sec. 1.