4690:2
From Wesleyan Discipline
Revision as of 18:55, 22 March 2021 by imported>Seedthrower (Created page with ":'''<span id="4690:2">(2)</span>''' Whenever the real property of a local church, acquired by a conveyance containing the trust clause in 4610, is mortgaged or encumbered...")
- (2) Whenever the real property of a local church, acquired by a conveyance containing the trust clause in 4610, is mortgaged or encumbered as provided for in The Discipline (4700–4720), the written approval of the district board of administration for such mortgage or encumbrance (4700:3) shall constitute a formal recognition of the priority of such mortgage lien and the subordination of the trust clause thereto (cf. 4630).