N.Y. Military Law § 241: Devises and bequests

§ 241. Devises and bequests. Any unit of the organized militia may

take by devise and bequest real and personal property for its uses and

purposes as a military organization, and may hold, mortgage, sell or

otherwise dispose of the same. The title to such property shall vest in

the commissioned officer or officers of the unit and if there be three

or more of such officers the property shall be managed by their majority

vote and disposed of by their two-thirds vote. Organizations of the

veterans of such units and/or their predecessor units in the organized

militia, in cases where the designation of the corresponding unit in the

organized militia has been changed by proper authority, incorporated

under general laws or special charter of the state, as associations of

the veterans of such units now or as heretofore constituted and

designated and associations organized pursuant to section two hundred

sixty of this chapter shall, in addition to the powers and authority

heretofore granted, possess the same authority herein granted to each

unit of the organized militia to take by devise and bequest real and

personal property for the appropriate uses and purposes of such

organizations and associations and may hold, mortgage, sell or otherwise

dispose of the same, and use and apply the proceeds thereof and the

income thereof to its appropriate purposes. The title to such property

shall vest in such corporations or associations and shall be managed

and/or disposed of as provided in and by the constitution, by-laws,

rules and regulations now in force or hereafter adopted in respect

thereto.