¶ 2515. Sale, Transfer, Lease, or Mortgage
of Annual Conference Property--No annual conference property shall be sold,
transferred, or leased for a term that exceeds twenty (20) years, or mortgaged
without the consent of the annual conference or, ad interim, (a)
the consent of the presiding bishop and of a majority of the district
superintendents, and, in the case of discontinued or abandoned local church
property, the consent of a majority of the district board of church location
and building (see ¶ 2548); and (b) the bishop's determination
that such transfer or encumbrance conforms to the Discipline. The
bishop's written statement evidencing the satisfaction of this condition shall
be affixed to or included in any instrument of transfer or encumbrance. Any
required written instrument necessary to carry out the action so authorized
shall be executed in the name of the conference corporation by any two of its
officers or, where the conference is unincorporated, by any two officers of its
board of trustees, and any written instrument so executed shall be binding and
effective as the action of the conference.