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Vesting in Statutory Trustees of property held in trust.
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7.—If at any time any property, real or personal, which has been or may be granted, assigned or devised or given, subscribed or bequeathed in trust for any purpose or charity connected with the Church or for the endowment, use or benefit of the Church, or of any circuit Church, chapel, mission, organisation, charity, fund or other object connected therewith is not vested in trustees duly appointed by name and able and willing to act it shall be lawful for the Conference by resolution to declare that the same shall vest in or shall be vested in or transferred to the Statutory Trustees who shall thereupon take all further steps (if any) necessary to give effect to such resolution and all other persons (if any) in whom the same is vested or who shall have the custody thereof for the time being shall convey, assign or transfer and shall hand over the same forthwith pursuant to such resolution, and the receipt of the Statutory Trustees shall be a good and sufficient discharge to the persons transferring the same in respect of the property transferred, and such property when so vested in or transferred to the Statutory Trustees shall be held by them upon the trusts affecting the same.
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