Applicability of ¶ 2501. Local Church acknowledges and agrees that pursuant to ¶ 2501 of the Discipline, the Local Church holds all its property, real and personal, tangible and intangible, in trust for the benefit of The United Methodist Church, including the Real Property and Personal Property, and the Local Church will not take any actions that are inconsistent therewith or opposing or negating the same.
Applicability of ¶ 2501. Local Church acknowledges and agrees that pursuant to ¶ 2501 of the Discipline, Local Church holds its Property in trust for the benefit of The United Methodist Church.
Applicability of ¶ 2501. Local Church acknowledges and agrees that pursuant to ¶ 2501 of the Discipline, Local Church holds all its right, title and interest in and to property, real and personal, tangible and intangible, as well as all of the Local Church’s right, title and interest in and to any agreement of which Local Church is the beneficiary, in trust for the benefit of entire United Methodist Church denomination, and that ownership and usage of such Local Church property is subject to the Discipline. A comprehensive listing and inventory of all such Local Church property and interests shall be certified by the Board of Trustees of the Local Church and such documentation shall be provided to the CBOT at least 30 days prior to the vote of the Annual Conference contemplated by paragraph 1(c) above, and such documentation shall be attached as an exhibit to this Disaffiliation Agreement. The CBOT, through its designees, will have the right of inspection and audit in order to verify the completeness and accuracy of the Local Church listing and inventory and Local Church shall fully cooperate in providing access to records and property in order to facilitate the same.
