CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS
GENERAL POWERS OF CORPORATIONS
Meetings, Bylaws, Reports, Etc.
They may purchase, hold and convey real and personal estate necessary and proper for the due transaction of their authorized business, not exceeding the amount authorized by their charter or by statute, and no other.
Source. RS 145:7. CS 152:7. GS 133:6. GL 147:6. PS 148:8. PL 226:7. RL 275:7.