{"data":{"id":"us-nc/n.c.-gen.-stat.-59b-5","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 59B-5","heading":"Real and personal property; nonprofit association as devisee or beneficiary.","body":"(a)\tA nonprofit association is a legal entity separate from its members for the purposes of acquiring, holding, encumbering, and transferring real and personal property.\n(b)\tA nonprofit association, in its name, may acquire, hold, encumber, or transfer an estate or interest in real or personal property.\n(c)\tA nonprofit association may be a beneficiary of a trust or contract or a devisee.\n(d)\tAny judgments and executions against a nonprofit association bind its real and personal property in like manner as if it were incorporated. (2006-226, s. 1; 2011-284, s. 59.)","path":["Chapter 59B. Uniform Unincorporated Nonprofit Association Act."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_59B/GS_59B-5.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:07:07Z","sha256":"90a87b5b6dfa5b2378fbf6d3c9c60db884fbad2734d55c3f1b263d7abed50027","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-59b-4","next":"us-nc/n.c.-gen.-stat.-59b-6"},"notice":"GroundRules: Original legal text. Not legal advice."}