Recovery Board  : RfM
Recovery from Mormonism (RfM) discussion forum. 
Go to Topic: Previous•Next
Go to: Forum List•Message List•New Topic•Search•Log In
Posted by: foundoubt ( )
Date: July 14, 2012 06:35PM
If TSCC goes down, who gets all the assets?

Recent posts have mentioned the vast business empire that is the Mormon church. TSCC owns farms and ranches and non profit and for profit businesses. There have also been several posts about TSCC going down and no longer existing as a church.

My question is who is going to own those assets if the church does "go down" and no longer exists as a church? If there is no church to own those assets, who will they then belong to?

Options: Reply•Quote
Posted by: SayHi2Kolob4Me ( )
Date: July 14, 2012 06:46PM
The government? (n/t)


Options: Reply•Quote
Posted by: Mia ( )
Date: July 14, 2012 06:50PM
Re: If TSCC goes down, who gets all the assets?

lawsuits R Us

I believe the attorney's would get the bulk of it.

Options: Reply•Quote
Posted by: Glo ( )
Date: July 14, 2012 06:51PM
Re: If TSCC goes down, who gets all the assets?

ONE THING FOR SURE, THE FAITHFUL TITHE PAYERS WILL BE LEFT OUT IN THE COLD.

It wouldn't be so bad if tithe payers were actual stockholders in the corporation.
But as it stands, they get zero for all their efforts.

Options: Reply•Quote
Posted by: hello ( )
Date: July 14, 2012 06:57PM
Re: If TSCC goes down, who gets all the assets?

Legally, they are already owned, and will continue to be owned, by the president of the corp..

Options: Reply•Quote
Posted by: Mormoney ( )
Date: July 14, 2012 07:16PM
Re: If TSCC goes down, who gets all the assets?

Let's not get ahead of ourselves. While this would be a lot of fun to watch TSCC crumble, powerful organizations with a lot of money can be exposed a million times over. It'll amount to a mere bump in the road for them. It's going nowhere any time soon.

Options: Reply•Quote
Posted by: MJ ( )
Date: July 15, 2012 11:37AM
Enron (n/t)


Options: Reply•Quote
Posted by: gemini ( )
Date: July 14, 2012 07:21PM
Re: If TSCC goes down, who gets all the assets?

ah, come on, let us dream a little. Can you imagine if we all got those litigation letters like shareholders did with Enron, World Com, etc? I'd pay off my mortgage with the settlement.

Options: Reply•Quote
Posted by: Heresy ( )
Date: July 14, 2012 07:27PM
The leaders have a lot more attorneys than the members.

It's all owned by Monson as head of a corporation sole.

This not only keeps it out of individual member's hands, it means that if there is another schism, nobody gets any money except LDS Inc.

Options: Reply•Quote
Posted by: ladell ( )
Date: July 14, 2012 11:59PM
Billy Barty's estate (n/t)


Options: Reply•Quote
Posted by: Lethbridge Reprobate ( )
Date: July 15, 2012 11:46AM
Re: If TSCC goes down, who gets all the assets?

I paid ZERO so I'm outha luck...

Options: Reply•Quote
Posted by: xyz ( )
Date: July 15, 2012 11:50AM
Re: If TSCC goes down, who gets all the assets?

You already know who will get it all: the CEO and Board of Directors.

Options: Reply•Quote
Go to Topic: Previous•Next
Go to: Forum List•Message List•New Topic•Search•Log In


Screen Name: 
Your Email (optional): 
Subject: 
Spam prevention:
Please, enter the code that you see below in the input field. This is for blocking bots that try to post this form automatically.
 **     **  ********   **     **  **     **  ******** 
 **     **  **     **  **     **  ***   ***  **       
 **     **  **     **  **     **  **** ****  **       
 **     **  ********   *********  ** *** **  ******   
 **     **  **     **  **     **  **     **  **       
 **     **  **     **  **     **  **     **  **       
  *******   ********   **     **  **     **  ********