§ 140 — Transfer of property to Baptist corporations

§ 140. Transfer of property to Baptist corporations. Any incorporated\nBaptist church, created by or existing under the laws of the state of\nNew York, having its principal office or place of worship in the state\nof New York, or whose last place of worship was within the state of New\nYork, is hereby authorized and empowered, by a vote of two-thirds of its\nqualified voters present and voting therefor, at a meeting regularly\ncalled for that purpose, to transfer and convey any of its property,\nreal or personal, which it now has or may hereafter acquire, to any\nreligious, charitable or missionary corporation connected with the\nBaptist denomination and incorporated by or organized under any law or\nlaws of the state of New York, either solely, or among other purposes,\nto establish or maintain, or to assist in establishing or maintaining\nchurches, schools, or mission stations or to erect, or assist in the\nerection of such buildings as may be necessary for any of such purposes,\nand on or without the payment of any money or other consideration\ntherefor, and upon such transfer or conveyance being made, the title to\nand the ownership and right of possession of the property so transferred\nand conveyed shall be vested in and conveyed to such grantee; and also\nany membership corporation incorporated by or organized under any\nspecial or general law or laws of the state of New York, either solely,\nor among other purposes, for religious, charitable, missionary or\neducational objects connected with or for the aid of the Baptist\ndenomination or any church or churches thereof or for the erection or\nmaintenance of any building therefor, is hereby authorized and\nempowered, by the vote of at least two-thirds of the whole number of its\ndirectors, or by the vote of at least a majority thereof if such whole\nnumber of directors is twenty or more, at any regularly called or\nregularly held meeting of such directors, to transfer and convey any of\nits property, real or personal, which it now has or may hereafter\nacquire, to any incorporated Baptist church within the state of New\nYork, and on or without the payment of any money or other consideration\ntherefor, and upon such transfer or conveyance being made, the title to\nand the ownership and right of possession of the property so transferred\nand conveyed shall be vested in and conveyed to such grantee; provided,\nhowever, that nothing herein contained shall impair or affect in any\nway, any existing claim upon or lien against any property so transferred\nor conveyed, or any action at law or legal proceeding, and subject, in\nrespect to the amount of property the said grantee may take and hold, to\nthe restrictions and limitations of existing laws.\n