|
and Practice XI. Article 11 - Dissolution Should there be a dissolution of the Church, the trustees shall, after paying or making provision for payment of all the liabilities of the church, dispose of all the assets of the church to such organization or organizations formed and operated exclusively for religious purposes as shall at the time qualify as an exempt organization or organizations under section 501(c)(3) of the Internal Revenue Code of 1986 (or the corresponding provision of any future United States, Internal Revenue Law), as the trustees shall determine. Assets may be distributed only to organizations, which agree with the church’s statement of faith. |