§ 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.