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Ultimate RealityWTS Kingdom Hall Asset Grab


Many here are familiar with the WTS request to "hold" the cash funds of congregations so that a higher rate of interest can be earned, not for the local congregation benefit, but for the Society to use in the Worldwide Work. In particular, the funds are loaned, with interest, to other congregations that need to build or remodel halls.

 

However, a new opportunity has presented itself to the WTS.

 

Our Hall recently passed a resolution based on the Society's review of the Congregation's articles of incorporation. It was resolved to change the dissolution clause so that if the Congregation is ever liquidated, the proceeds for the sale of the property automatically goes to the WTS.

 

This "suggestion" was based on the WTS legal department's review. Of course, the local congregation did not retain their own counsel for legal advice in this matter.

IP: SFvf1ujPUU/6WpwU by Ultimate Reality: Correct formatting
by Ultimate Reality: Correct formatting
by Ultimate Reality: Correct formatting
by Ultimate Reality: Correct formatting
by Ultimate Reality: Correct formatting

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