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This entry was published on 2014-09-22
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Conveyance or incumbrance of trust property of Friends
Religious Corporations (RCO) CHAPTER 51, ARTICLE 10
§ 203. Conveyance or incumbrance of trust property of Friends. The
trustee or trustees, or survivor of any trustees, of any meeting of the
Religious Society of Friends, appointed pursuant to the last preceding
section, may sell, convey and grant, mortgage, or demise any or all of
the trust property described in said trust deed or declaration of trust,
to any person absolutely or in trust for such meeting, whenever any
meeting of said society by resolution so directs. Any conveyance or
mortgage of real estate or property so held in trust by any meeting of
the Religious Society of Friends, which is hereafter made in pursuance
of a resolution of such meeting as provided herein, shall be as valid
and effectual for the conveyance or mortgage of the title of any real
estate so held in trust, as if the heirs of any trustee who has died
prior to the passage of such resolution had joined in the execution of
such conveyance, mortgage or demise. Any instrument for the sale,
mortgage or demise of such property shall embody such resolution, and be
executed and acknowledged by such trustee or trustees; and in such
acknowledgment such trustee or trustees shall make an affidavit that the
person or persons executing such conveyance, mortgage or demise are the
trustee or trustees of the trust property, and that the resolution
embodied in such conveyance, mortgage or demise was duly passed by such
meeting. Such affidavit shall be prima facie evidence of the facts
therein stated.