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NEW JERSEY STATUTES AND CODES

16:10A-12 - Proceeds from sale or mortgage not available for current church  expense

16:10A-12.  Proceeds from sale or mortgage not available for current church  expense
    The real estate on which a church building or parsonage of a local church of  The United Methodist Church is located shall not be mortgaged or encumbered to  provide for the current expense of such church, nor shall the principal of the  proceeds of the sale of any such property be so used.

     L.1968, c. 235, s. 11, eff. July 31, 1968.

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