2543. Restriction on Proceeds of Mortgage or Sale--1. No real property on which a Church building or parsonage is located shall be mortgaged to provide for the current (or budget) expense of a local church, nor shall the principal proceeds of a sale of any such property be so used. This provision shall apply alike to unincorporated and incorporated local Churches.7
2. A local Church, whether or not incorporated, on complying with the provisions of the Discipline, may mortgage its unencumbered real property as security for a loan to be made to a conference board of global ministries or a city or district missionary society; provided that the proceeds of such loan shall be used only for aiding in the construction of a new Church.
7See Judicial Council Decision 399.
General Conference Webmaster: Susan Brumbaugh
PETS Creator: John Brawn
1992 Book of Discipline: ¶ 2543
1996 United Methodist General Conference