N.Y. NPC Law § 205
This is the official text of N.Y. NPC Law § 205, part of New York’s NPC Law — part of the compiled statutory law of New York, published by the state as "NPC Law." Browse the sections below, each linked to its official government source.
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Conveyance of real property to members for dwelling houses
Official statutory text
§ 205. Conveyance of real property to members for dwelling houses.\n A not-for-profit corporation, if its by-laws so provide, and pursuant\nto the provisions thereof, and without leave of the court, may convey to\na member of the corporation a portion of its real property for the\nerection thereupon of a cottage or other dwelling-house with suitable\noutbuildings. When so conveyed the title to such portion, together with\nthe buildings thereon, shall continue in such member and on his death\npass to his heirs or devisees, but the land shall not be alienable\nexcept to the corporation or to a member thereof.\n
Status: in_force · Read it on the official government site
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