Sec. 33-264e. Dissolution.
Sec. 33-264e. Dissolution. A religious society or religious corporation formed under the provisions of this part may by a vote of two-thirds of those members present at
a meeting duly warned and held for that purpose be dissolved. After all of its liabilities
and obligations have been paid, satisfied and discharged, or adequate provision made
therefor, the assets of such religious society or religious corporation shall be distributed
in accordance with the provisions of its charter or bylaws or, if no such provision is
made, then in accordance with the vote of its members but only to another religious
society, religious corporation or other organization formed for public worship or for
ecclesiastical, missionary, charitable or educational purposes, provided property held
pursuant to the provisions of section 47-2 shall continue to be held for such purposes
and, where the rules and regulations of the denomination with which such religious
society or religious corporation is affiliated provide to the contrary, such assets shall be
distributed in accordance with such rules, regulations and ordinances. No property of
a religious society or religious corporation shall be distributed to its members.
(1969, P.A. 314, S. 5.)