Daniel_Cheung
02-02-2010, 07:09 PM
Judge orders property returned to Episcopal Diocese of Pittsburgh
http://www.episcopalchurch.org/81803_119053_ENG_HTM.htm
A judge has told the organization headed by former bishop Robert Duncan that claims to have withdrawn from the Episcopal Church in 2008 that it must turn over control of the Diocese of Pittsburgh's assets.
In a Jan. 29 order County Court of Common Pleas Judge Joseph M. James accepted as accurate an inventory of diocesan property submitted by a "special master" he had appointed earlier and told Duncan's organization it must transfer the assets.
The inventory includes $22 million in cash, cash equivalents, receivables, and investments including about $2.5 million in pooled parish investments and real estate and other real property.
"The diocese plans to quickly make arrangements so that all parishes may again have access to their investment funds that were frozen by financial institutions during the legal proceedings," according to a news release from the Episcopal Diocese of Pittsburgh....
http://www.episcopalchurch.org/81803_119053_ENG_HTM.htm
A judge has told the organization headed by former bishop Robert Duncan that claims to have withdrawn from the Episcopal Church in 2008 that it must turn over control of the Diocese of Pittsburgh's assets.
In a Jan. 29 order County Court of Common Pleas Judge Joseph M. James accepted as accurate an inventory of diocesan property submitted by a "special master" he had appointed earlier and told Duncan's organization it must transfer the assets.
The inventory includes $22 million in cash, cash equivalents, receivables, and investments including about $2.5 million in pooled parish investments and real estate and other real property.
"The diocese plans to quickly make arrangements so that all parishes may again have access to their investment funds that were frozen by financial institutions during the legal proceedings," according to a news release from the Episcopal Diocese of Pittsburgh....