1992 Book of Discipline: ¶ 1742

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1742. Real Estate and Buildings--The United Methodist Publishing House shall not buy any real estate costing in excess of $500,000 and shall not sell or exchange any real estate having a fair market value in excess of $500,000 except by the order of the General Conference or, between sessions of the General Conference, by a two-thirds vote of all the members of the board. In either case such vote shall be taken at a regular or called meeting of the board, and if at a called meeting, the purpose of this meeting shall have been stated in the call. The erection of a new building or improvement, alteration, or repair of an existing building or the purchase of real estate for retail purposes involving an expenditure of not more than $500,000, or the sale or exchange of real estate used by the publishing house for retail purposes which has a fair market value of not more than $500,000, may be authorized by the vote of a majority of the executive committee. These provisions shall not prevent the making of investments on mortgage security or the protection of the same or the collection of claims and adjustments.

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1992 Book of Discipline: ¶ 1742
1996 United Methodist General Conference