2016 Wesleyan Discipline:Precedent corporations

4230. The Wesleyan Church Corporation shall receive and administer new trusts and funds, and so far as may be legal, shall be the legal and ecclesiastical successor in trust and carry out the functions of “The Pilgrim Holiness Church Corporation,” an Indiana corporation, “The Pilgrim Holiness Church Corporation,” a Michigan corporation, “The Wesleyan Methodist Church of America,” a New York corporation, “The Wesleyan Methodist Publishing Association of America,” a New York corporation, “The Wesleyan Educational Society,” a New York corporation, “The Missionary Society of the Wesleyan Methodist Church of America,” a New York corporation, “The Woman’s Missionary Society of the Wesleyan Methodist Church of America, Inc.,” a New York corporation, “The Missionary Bands of the World,” an Indiana corporation and “The Pentecost Bands of the World,” an Illinois corporation; and so far as is legal and as such successor in trust it shall be and is authorized and empowered to receive from its said precedent corporations all trust funds and assets of every kind and character, real, personal or mixed, held by them or any one of them 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 corporations. Nothing herein contained, however, shall be construed to require the dissolution of any of the precedent corporations above listed, and they shall continue to administer such funds as may not be legally transferred to the new corporation (2016 Wesleyan Discipline:4210–4220). 4410

(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.