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State Statutes
- Idaho
- Title 53
- Chapter 7
- 53-716
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| Idaho Statutes |
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| 53-716 - TRANSITION CONCERNING REAL AND PERSONAL PROPERTY |
(1) If, before
the effective date of this chapter, an estate or interest in real or personal
property was purportedly transferred to a nonprofit association, on the
effective date of this chapter the estate or interest vests in the nonprofit
association, unless the parties had treated the transfer as ineffective.
(2) If, before the effective date of this chapter, the transfer vested
the estate or interest in another person to hold the estate or interest as a
fiduciary for the benefit of the nonprofit association, its members, or both,
on or after the effective date of this chapter the fiduciary may transfer the
estate or interest to the nonprofit association in its name or the nonprofit
association, by appropriate proceedings, may require that the estate or
interest be transferred to it in its name. |
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