458.259 Reorganization and extension of corporate life; procedure.

250 words·~1 min read·/mi/chapter-458/458-259

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Sec. 9.

Any Protestant Episcopal church whose corporate term of existence has expired, or may be about to expire, or may hereafter expire, by limitation, may be reorganized under this act, so as to become subject to the provisions thereof, whenever the wardens and vestry members, de jure or de facto, shall execute and file articles of agreement as provided in this act. Said wardens and vestry members, de jure or de facto, are hereby authorized by their names of office to make, sign, acknowledge, execute and file 1 or more duplicate articles of agreement, as provided in sections 1, 2 and 3 of this act, which articles shall, in addition to the requisites in said last mentioned sections named, set forth that they are executed for the purpose of reorganizing said corporation according to the provisions of this act, and such articles shall be deemed sufficient when so executed and filed, although the number of signers shall be less than 6, if they shall constitute the majority of such wardens and vestry members, de jure or de facto.

Upon the execution and filing of said articles such corporation shall, without further action, be deemed to all intents and purposes reorganized, and the corporate identity of such corporations shall continue unchanged.

History: 1899, Act 40, Imd. Eff. Apr. 18, 1899 ;-- CL 1915, 10936 ;-- CL 1929, 10944 ;-- CL 1948, 458.259 ;-- Am. 1957, Act 136, Imd. Eff. May 28, 1957