16:6-3. Conference; powers with relation to extinct churches or religious societies
89 words·~1 min read·
/nj/title-16/chapter-6/16-6-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The "Trustees of the New York Conference of the Free Methodist Church" may, in pursuance of a resolution by it:
a. Sell the property of any such extinct church or religious society and convey the same to the purchaser by deed in its corporate name;
b. Convert any and all securities of any such extinct church or religious society into cash; and
c. Receipt for cancellation mortgages and other evidences of indebtedness belonging to and standing open of record in the name of the extinct church or religious society.