2016 Wesleyan Discipline: B. Subsidiary Corporations: Difference between revisions
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B. Subsidiary Corporations
4310. Definition. Those corporate units of The Wesleyan Church which are intrinsic to the priority mission of the Church are known as subsidiary corporations. These include the following:
- (1) Districts (cf. 2016 Wesleyan Discipline:4100–4150). Local churches, whether incorporated or unincorporated (cf. 2016 Wesleyan Discipline:4000–4070), are units of the related district and subject to the authority of said district as set forth in The Discipline of The Wesleyan Church (cf. 2016 Wesleyan Discipline:1233:29–41; 2016 Wesleyan Discipline:1310:14–24; 2016 Wesleyan Discipline:4650–4780).
- (2) General Educational Institutions (cf. 2016 Wesleyan Discipline:2365).
- (3) The Wesleyan Pension Fund, Inc. (cf. 2016 Wesleyan Discipline:4400–4425).
- (4) Hephzibah Ministries Inc. The Hephzibah Ministries Inc. in Macon, Georgia, is incorporated under the laws of the state of Georgia. It is administered by a board of directors elected by and amenable to the General Board (2016 Wesleyan Discipline:1655:18). The board of directors shall administer all matters pertaining to Hephzibah Ministries Inc. in accord with The Discipline (2016 Wesleyan Discipline:4570), the articles of incorporation and bylaws of the corporation.
- (5) Wesleyan Investment Foundation, Inc. The Wesleyan Investment Foundation, Inc. is a not-for-profit corporation under the laws of the State of Indiana. It is governed by a board of directors of eleven members elected by the General Board (2016 Wesleyan Discipline:1655:19). The board of directors shall administer all matters pertaining to the Wesleyan Investment Foundation, Inc. in accord with The Discipline (2016 Wesleyan Discipline:4570), its articles of incorporation and bylaws, and is amenable to the General Board.
- (6) Other corporate units may be designated as subsidiary corporations by the General Conference or a two-thirds vote of all members of the General Board.