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Old Company That Can Own Property?

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Like to know about old company that can own property?If I understand correct in some of the old companies you could buy a property in a legit way but the new companies that is not realy legal (laws about proxy etc.)but still going on.Is this correct?

I ask fore my friend,he have a old company and selling his house to a thai and I think that the old company he could sell easy because its possible to buy property In they correct way or Iam wrong?

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