AB 721

This bill updates an entity name in statutory provisions related to the

incorporation of religious organizations.

Current law provides a process for the members of a church or society of any

religious sect or denomination to organize a corporation for religious, charitable, or

educational purposes, and this corporation has the powers and privileges of a

nonstock (nonprofit) corporation. The corporation may purchase and hold real

property and personal property, and its secular business and temporal affairs are

managed by a board of trustees selected as provided in the bylaws.

Current law also specifies that if the Church of Christ accepts the Wisconsin

Christian Missionary Association as its missionary organization and the Church of

Christ becomes defunct or is dissolved, the Church of Christ's property vests in the

Wisconsin Christian Missionary Association. However, if within three years from

the date the Church of Christ becomes defunct or is dissolved it is reincorporated, its

property at the time of dissolution vests in the new corporation.

The bill replaces the Wisconsin Christian Missionary Association with

Crossroads College, a Minnesota nonprofit corporation, or its successor, as the entity

in which the Church of Christ's property vests in the circumstances described above.