Vermont Statutes Title 27 Sec. 823
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Terms Used In Vermont Statutes Title 27 Sec. 823
- Domestic: when applied to a corporation, company, association, or copartnership shall mean organized under the laws of this State; "foreign" when so applied, shall mean organized under the laws of another state, government, or country. See
- Trustee: A person or institution holding and administering property in trust.
§ 823. Property to vest in Vermont Domestic Missionary Society as trustee
Upon such extinction or dissolution, the property of such church or property which may be held in trust for such church shall be transferred to, and the title and possession thereof vested in, the Vermont Domestic Missionary Society. The avails of such property so transferred shall be held in trust and added to the permanent fund of such society and the income thereof employed for its usual work until a local Congregational church is again organized in the same neighborhood, when the income shall be used to aid such local church.