Statutes > Maryland Statutes > CORPORATIONS AND ASSOCIATIONS > TITLE 5 - SPECIAL TYPES OF CORPORATIONS > Subtitle 3 - Religious Corporations > Section 5-305 - Conveyance of assets on formation of religious corporation.

Section 5-305 - Conveyance of assets on formation of religious corporation.

§ 5-305. Conveyance of assets on formation of religious corporation.
  

If a church forms a religious corporation, any assets held in trust for the church by any person shall be conveyed immediately to the religious corporation. 
 

[An. Code 1957, art. 23, § 267; 1975, ch. 311, § 2.]