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Current as of January 01, 2022 | Updated by FindLaw Staff
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.
Cite this article: FindLaw.com - Alaska Statutes Title 10. Corporations and Associations § 10.40.120. Succession to property on death, resignation, or removal of person not incorporated as corporation sole - last updated January 01, 2022 | https://codes.findlaw.com/ak/title-10-corporations-and-associations/ak-st-sect-10-40-120/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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