315.29 RIGHT TO HOLD PROPERTY. A corporation organized under sections 315.26 to 315.29 shall hold property conveyed or transferred to it for the same use and subject to the same trusts and conditions as the corporation conveying or transferring the property. History: (7994) 1917 c 107 s 4; 1985 c 265 art 5 s 1 315.29 RIGHT TO HOLD PROPERTY. A corporation organized under sections 315.26 to 315.29 shall hold property conveyed or transferred to it for the same use and subject to the same trusts and conditions as the corporation conveying or transferring the property. History: (7994) 1917 c 107 s 4; 1985 c 265 art 5 s 1
Minnesota Legal Code