N.J.S.A. 16:5-12 — Powers of corporation

16:5-12. Powers of corporation Every such corporation shall have the general powers conferred by law upon incorporated religious societies and, in addition, shall have the following powers: (a) To establish, erect, maintain and manage churches, colleges, seminaries, and all other religious, educational and eleemosynary institutions and agencies; (b) To acquire by deed, gift, purchase, bequest, devise, merger, consolidation, combination, reversion, or by judicial order or judgment, or otherwise, real or personal property, in fee, trust, or otherwise, and to hold, grant, sell, convey, lease, mortgage, invest, improve or dispose of the same for the uses and purposes of the corporation; (c) To sue and be sued and to be impleaded in any court; (d) To adopt and use a common seal; (e) To have perpetual succession as such corporation; (f) To have all other powers necessary and proper to the carrying out of the above enumerated powers, and the purposes of such corporation and its institutions. (g) To combine, consolidate or merge with any incorporated conference of ministers and congregations of similar doctrine and confession in the same manner as in the case of combinations, consolidations or mergers of corporations organized for purposes other than for pecuniary profit. L.1950, c. 84, p. 148, s. 9. Amended by L.1962, c. 53, s. 5.

This is the verbatim text of N.J.S.A. 16:5-12, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.