N.Y. Religious Corporations Law § 48: Legacies

§ 48. Legacies. Any devise or bequest of real or personal property to

an unincorporated parish, mission, congregation, chapel or religious

society under the jurisdiction of or in communion with the Protestant

Episcopal Church, for the purposes of such gift, may be taken, held and

administered for the benefit of such devisee or legatee by the diocesan

corporation of the diocese in which such devisee or legatee is situate,

and such diocesan corporation shall have the power, subject to the

provisions of article five of the not-for-profit corporation law and of

section twelve of this chapter, to lease, improve, mortgage, sell,

convey and transfer any property so held.