Wednesday, February 3, 2010

Judge issues order detailing assets of Episcopal, Anglican dioceses


From The Pittsburgh Post-Gazette-

Allegheny County Common Pleas Judge Joseph James has issued an order detailing which assets are among the centrally held properties that he earlier awarded to the Episcopal Diocese of Pittsburgh rather than to the Anglican Diocese of Pittsburgh, which broke from the Episcopal Church in 2008.

The order, issued Friday, doesn't apply to parish property, which is to be negotiated later. Leaders of the Anglican diocese had earlier said that they would appeal the October decision. The Rev. Mary Hays, canon to the ordinary of the Anglican diocese, said the appeal can be filed now that this order has been issued.

The original diocese split when a majority of clergy and laity at its 2008 convention voted to leave the Episcopal Church over theological differences. Prior to the split, some parishes now in the 28-parish Episcopal diocese sued for the property of the 57-parish Anglican diocese. The funds have been frozen by financial institutions until the litigation is resolved.

Friday's order said that as of September, the Episcopal diocese had $22 million in cash and investments, of which $2.5 million was held for parishes.

A footnote in the special master's report that formed the basis of the decision said, "it is believed that the individual parishes have the right to withdraw the value of their investment accounts" from the diocese.

A brief statement from the Episcopal diocese said that its leadership "plans to quickly make arrangements so that all parishes may again have access to their investment funds."

Asked if that applied to Anglican parishes, Rich Creehan, a spokesman for the Episcopal diocese, said, "any parish that had been participating in that fund from whatever time, we are making arrangements so they can access those funds."

Read more:

http://www.post-gazette.com/pg/10034/1032951-455.stm#ixzz0eTgJ9oKO

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