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This uniform law is adopted state by state, and therefore the law may be slightly different in each state. For example, on September 20, 2010, New York Gov. David Paterson signed into law the New York version of UPMIFA called the New York Prudent Management of Institutional Funds Act or NYPMIFA. [8]
The sponsoring church arrangement describes a resource-pooling strategy employed by some "mainstream" congregations of the Churches of Christ.. Under this arrangement, one congregation (specifically, the congregation's eldership or, if it lacks elders, the men of the congregation) agree to oversee the work of an individual (such as a missionary to another country) or group (such as a children ...
The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject. You may improve this article, discuss the issue on the talk page, or create a new article, as appropriate. (July 2010) (Learn how and when to remove this message)
An annual report on the administration of church property was made obligatory in all countries by the Council of Trent: [4] "The administrators, whether ecclesiastical or lay, of the fabric of any church whatsoever, even though it be a cathedral, as also of any hospital, confratemity, charitable institution called mont de piété, and of any ...
Its statutory designation distinguishes the fund as a trust rather than a special fund. The Highway Trust Fund is an example of trust funds. [51] Trust Revolving Funds are business-like activities, designated by statute as trust funds. They are, otherwise, identical to public enterprise revolving funds. [51]
The Church of Jesus Christ of Latter-day Saints is a lay ministry. [41] The money that is given is used to construct and maintain its buildings as well as to further the work of the church. [42] None of the funds collected from tithing is paid to local church officials or those who serve in the church.
Voters across the City of St. Louis are preparing to go to the polls for the November general election. As no-excuse absentee voting begins Oct. 22, voters may still be unfamiliar with city ...
The Roman Catholic Church is recognized as a corporation by virtue of the treaty [citation needed] of 1898 in Spain, while other religious corporations derive their status from their charters granted to them by the state. All religious, private, and civil corporations are created for the purpose of conducting the temporal affairs of their ...