§ 455 — Disposition of property

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