Vermont Statutes Title 27 Sec. 864
Terms Used In Vermont Statutes Title 27 Sec. 864
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- following: when used by way of reference to a section of the law shall mean the next preceding or following section. See
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
§ 864. Property of extinct circuits or stations
All property of any kind belonging to or held in trust by any circuit or station of the United Methodist Church within the bounds of the Troy Annual Conference of the United Methodist church in the State of Vermont which by order of the Superior Court may be declared extinct or dissolved, shall be transferred to and the title and possession vested in the Troy Annual Conference of the United Methodist Church, a corporation, under the following circumstances:
(1) when such circuit or station has become or shall become extinct by the death or removal of all its members or otherwise; or
(2) when the circuit or station has ceased or failed to maintain religious worship or services or to use its property for religious worship or services for the space of five years immediately prior thereto; or
(3) when the membership of such circuit or station has so diminished in numbers or financial strength as to render it impossible or impracticable to maintain religious worship or services or to protect its property from exposure and waste or to fulfill the purpose for which such property was held. (Amended 1969, No. 180 (Adj. Sess.), § 2, eff. March 5, 1970; 1973, No. 193 (Adj. Sess.), § 3, eff. April 9, 1974; 2023, No. 6, § 349, eff. July 1, 2023.)