Thursday, January 6, 2011

Parish is the word

In a hearing yesterday,
... [Bankruptcy Judge Susan V.] Kelley cut off one attorney who, while questioning the [Milwaukee] archdiocese's chief financial officer, tried to lay the foundation for an argument that parishes are run by the archdiocese. The line of questioning by attorney Jim Stang appeared to be in response to the archdiocese's assertion Tuesday that the assets of parishes and schools cannot be tapped to pay creditors because they are separately incorporated.
See number 18 in our Archdiocese's Reorganization Q & A. Specifically, separate incorporation is permitted by Wisconsin Statutues section 187.19.

If that turns out not to protect our parishes, sections 187.20 through 187.33 on liability and indemnification will be of interest.

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