Funds, Properties, and Trusts
All money and property held by any meeting is considered as held in trust for the objects, uses, and purposes of the Religious Society of Friends, subject to any special conditions of trust. A meeting's business agreements, trusts, and conveyances governing its finances and property shall be exactly recorded and duplicated for security.
No meeting property shall be distributed or partitioned among the individual members of a meeting. If any meeting ceases to exist, its property shall pass to the Yearly Meeting, or if a preparative meeting, to its monthly meeting.
The Yearly Meeting takes such action, by appointment of trustees or otherwise, as may be desirable for the holding of titles and the management of real estate. Investment trustees may be appointed to invest funds and other personal property, whether received by bequest, donation, or otherwise, and to administer them according to the direction of the Yearly Meeting and the conditions prescribed by the donors. Competent legal advice should be sought to ensure appropriate methods and compliance with the law.