N.Y. Religious Corporations Law § 455: Disposition of property

§ 455. Disposition of property. Whenever a Coptic Orthodox parish

shall hereafter be duly divided by the Coptic Orthodox bishop of the

diocese in which said parish is located into two parishes within such

diocese, then the Coptic Orthodox bishop or his successor shall have the

right and power, of himself independently of any action or consent on

the part of the trustees of the original Coptic Orthodox Church

corporation to transfer assets, with or without valuable consideration,

from the original Coptic Orthodox corporation to the new or second

Coptic Orthodox Church corporation. Said transfer shall be made by said

bishop or his successor after having complied with the requirements of

this chapter in the same manner as the trustees of any religious

corporation are compelled to do before making a transfer of church

property.