West Virginia SB953 establishes rules for disaffiliation of local religious organizations from parent denominations, detailing property ownership and.

West Virginia SB953 outlines procedures for disaffiliation of local religious organizations from parent denominations, specifying how property is retained or divided. It requires a two-thirds vote of the membership for disaffiliation. Real estate (Class A) is retained by the local organization if more than 50% of acquisition and improvement costs were locally sourced. Chattel and personal property (Class B) remains with the purchaser. Intangible property (Class C) is divided based on funding sources over a two-year period.

West Virginia SB953 establishes rules for disaffiliation of local religious organizations from parent denominations, detailing property ownership and.

West Virginia SB953 outlines procedures for disaffiliation of local religious organizations from parent denominations, specifying how property is retained or divided. It requires a two-thirds vote of the membership for disaffiliation. Real estate (Class A) is retained by the local organization if more than 50% of acquisition and improvement costs were locally sourced. Chattel and personal property (Class B) remains with the purchaser. Intangible property (Class C) is divided based on funding sources over a two-year period.