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Sec. 10.40.120. Succession to property on death, resignation, or removal of person not incorporated as corporation sole.

Go back to: Alaska statutes
Go back to: Title 10 Corporations and Associations
Go back to: Chapter 40. Religious Corporations.

Sec. 10.40.120. Succession to property on death, resignation, or removal of person not incorporated as corporation sole.
Upon the death, resignation, or removal of an archbishop, bishop, president, trustee in trust, president of stake, president of congregation, overseer, presiding elder, or member of the clergy, who at the time of death, resignation, or removal was holding the title to trust property for the use or benefit of a church or religious society and not incorporated under this chapter as a corporation sole, the title to all property held by that person does not revert to the donor nor pass to the heirs of the deceased person, but is in abeyance until a successor is appointed to fill the vacancy. Upon the appointment of the successor the title of all the property held by the predecessor immediately vests in the person appointed to fill the vacancy.

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