Corporations and Associations - Methodist Church Trust Requirement Repeal and Disaffiliation Requirements

Added new Section 1 allowing local churches to disaffiliate from the United Methodist Conference and retain ownership of their property, subject to reimbursement requirements.

Added requirement that the United Methodist Conference must provide full and transparent accounting of all contributed funds to determine reimbursement amounts.

Added protection preventing disaffiliating churches from being required to reimburse for amounts attributable to financial investments made by the local church itself.

Added reimbursement requirements where disaffiliating churches must repay the United Methodist Conference for financial investments made for property acquisition, maintenance, or improvement.

Expanded the bill's title and purpose statement to include disaffiliation requirements alongside the existing trust requirement repeal.

Added committee report status showing the bill was adopted with amendments and read for the second time.