§ 942 - Transferred property held in trust - Vermont Statutes

§ 942. Transferred property held in trust

Any Universalist church of this state affiliated with the Vermont and Quebec Universalist Unitarian Convention aforesaid, which has ceased or failed to maintain religious worship or services, or to use the property for religious worship or services, for the space of two consecutive years immediately prior thereto, or whose membership has so diminished in numbers or financial strength as to render it impossible or impractical for such church to maintain religious worship or services, or to protect its property from exposure to waste and dilapidation, or to fulfill the purpose for which it was incorporated, by an order of the superior court, may be declared extinct or dissolved, and the property of such church or property which may be held in trust for such church, be transferred to and the title and possession thereof vested in the Vermont and Quebec Universalist Unitarian Convention. The avails of such property so transferred shall be held in trust and added to the permanent fund of the convention, and the income thereof employed for its usual work until a local Universalist church is again organized in the same neighborhood, when the income shall be used to aid such local church as needed. (Amended 1973, No. 193 (Adj. Sess.), § 3, eff. April 9, 1974.)