4410:2

(2) The Wesleyan Pension Fund, Inc., insofar as may be legal, shall be the successor in trust of the Superannuated Ministers’ Aid Society of The Wesleyan Methodist Church of America, a New York corporation and as such successor in trust it shall be and is authorized and empowered to receive from its precedent corporation all trust funds and assets of any kind and character; real, personal or mixed held by it; and it shall be and is authorized to administer such trusts and funds in accordance with the conditions under which they have been previously received and administered by said precedent corporation. But nothing herein contained shall be construed to require the dissolution of the said precedent corporation and it shall continue to administer such funds as may not be legally transferred to the new corporation.