New Jersey § 46:7-8

§ 46:7-8.

Whenever real estate has been, prior to March thirtieth, one thousand nine hundred

and thirty-one, granted, conveyed or devised to associations not for pecuniary profit

or to any person or persons as officers, trustees or otherwise on behalf of or in

the interest of any such association, upon condition that such real estate so granted,

conveyed or devised shall be held in trust for specific uses and purposes, or the

rents, issues and profits thereof be appropriated to specific uses and purposes, and

such associations, or the persons acting in behalf thereof, were not, at the time

of making such grant, conveyance or devise, an incorporated body, but shall have subsequently

become an incorporated body in the manner provided by “An act to incorporate associations

not for 1 profit” approved April twenty-first, one thousand eight hundred and ninety-eight,

and the acts amendatory thereof and supplementary thereto, 2 the title to the real estate so granted, conveyed or devised as aforesaid, shall

vest in the incorporated association as effectually as if it had been incorporated

at the time of such grant, conveyance or devise, and such grant, conveyance or devise

had been made directly to the incorporated association, and the incorporated association

shall have the same right to convey such real estate as the unincorporated association,

or the person or persons to whom such grant, conveyance or devise was made as officers

or otherwise on behalf of or in the interest of such unincorporated association, and

any deed made by such incorporated association, its trustees or officers, shall be

valid and effectual in law. 1

Word “pecuniary” probably should be inserted. 2

N.J.S.A. § 15:1-1 et seq.