New York Religious Corporations Law Section 455 - Disposition of property.

455. Disposition of property. Whenever a Coptic Orthodox parish shall hereafter be duly divided by the Coptic Orthodox bishop of the diocese in which said parish is located into two parishes within such diocese, then the Coptic Orthodox bishop or his successor shall have the right and power, of himself independently of any action or consent on the part of the trustees of the original Coptic Orthodox Church corporation to transfer assets, with or without valuable consideration, from the original Coptic Orthodox corporation to the new or second Coptic Orthodox Church corporation. Said transfer shall be made by said bishop or his successor after having complied with the requirements of this chapter in the same manner as the trustees of any religious corporation are compelled to do before making a transfer of church property.

Last modified: February 3, 2019