§ 431. Property of extinct Assemblies of God churches. 1. All property, both real and personal, belonging to or held in trust for any Assemblies of God church, incorporated or reincorporated or supervisory under this article, that has or shall become extinct, shall at the option of the New York district of the Assemblies of God, vest in and become the property of the New York district of the Assemblies of God and its successors and assigns; provided that this section shall not affect the reversionary interests of any person or corporation in such property or any valid lien thereon.

2. An Assemblies of God church, incorporated or reincorporated under this article, which fails to hold regular worship services, such services being distinguished from committee or business meetings, for a period of six months, may be declared by the New York district of the Assemblies of God to be dissolved and extinct, said New York district of the Assemblies of God being the immediate supervisory body over the local church within this state.

3. Whenever the New York district of the Assemblies of God dissolves or declares extinct a particular church under this section; upon petition by the New York district of the Assemblies of God to the supreme or county court and upon satisfactory proof of the facts leading to such dissolution, the court shall have jurisdiction to grant an order to the effect that all property of whatever kind which may have belonged to or have been held by said church shall vest in the New York district of the Assemblies of God in as full and ample a manner as the same shall theretofore have been vested in the church so declared to be dissolved and extinct. There shall be recorded in the office of the clerk of the county in which the church is located, a certified copy of the resolution of the New York district of the Assemblies of God declaring such church extinct and the court order transferring the title of the church property; and the recording of such a resolution and court order shall be proof of the vesting of title of the real property of such church in the New York district of the Assemblies of God.