NY Rel Corps L § 5 (2021)
2021 New York Laws RCO - Religious Corporations Article 2 - General Provisions 5 - General Powers and Duties of Trustees of Religious Corporations.

§  5. General powers and duties of trustees of religious corporations.   The trustees of every religious corporation shall have the  custody  and   control  of  all  the  temporalities  and  property,  real and personal,   belonging to the corporation and of the revenues  therefrom,  and  shall   administer  the same in accordance with the discipline, rules and usages   of the corporation and of the ecclesiastical governing body, if any,  to   which  the  corporation  is  subject,  and  with  the  provisions of law   relating thereto, for the support and maintenance  of  the  corporation,   or,  providing the members of the corporation at a meeting thereof shall   so authorize, of some religious, charitable, benevolent  or  educational   object  conducted  by said corporation or in connection with it, or with   the denomination, if any, with which it is connected; and they shall not   use such property or revenues for any other purpose or divert  the  same   from  such  uses.  They  may  transfer  all  or  any part of the real or   personal estate of such corporation to such bank, trust company, savings   bank or savings and loan association organized  or  existing  under  the   laws  of  the  state  of New York, or to a national banking association,   federal savings bank or federal savings and loan  association  having  a   principal,  branch  or  trust office located in the state of New York as   may be designated by them or to a holding company, organized  under  the   laws  of the state of New York, of the same religious denomination, such   property to be held in trust or in safekeeping or  custody,  to  collect   the  income  thereof  and  pay  over  the  same  to the trustees of such   religious corporation at such times and  in  such  manner  as  shall  be   agreed  upon, and they may also, in their discretion, delegate and grant   to the trustee or custodian designated by them all or any portion of the   powers, responsibilities and discretionary authority possessed  by  them   with  respect  to  the  retention and the investment and reinvestment of   such property or any part thereof, and may from time to time modify such   powers delegated by them or designate successor or different trustees or   custodians  within  the  limits  and  subject  to  the  regulations  and   restrictions  contained in this section. The trustees of an incorporated   Roman Catholic Church, or of a Ruthenian Greek  Catholic  Church,  shall   not  transfer any property as herein provided without the consent of the   archbishop or bishop of the diocese to which such church belongs  or  in   case  of  their  absence or inability to act, without the consent of the   vicar general or administrator of such diocese. By-laws may  be  adopted   or  amended,  by  a  two-thirds vote of the qualified voters present and   voting at the meeting for incorporation or at  any  subsequent  meeting,   after  written  notice,  embodying  such  by-laws or amendment, has been   openly given at a previous meeting, and  also  in  the  notices  of  the   meeting at which such proposed by-laws or amendment is to be acted upon.   By-laws  thus  adopted  or  amended  shall  control  the  action  of the   trustees. But  this  section  does  not  give  to  the  trustees  of  an   incorporated church, any control over the calling, settlement, dismissal   or removal of its minister, or the fixing of his salary; or any power to   fix or change the times, nature or order of the public or social worship   of such church.