Friday, January 23, 2009

Schism causes Morgan Stanley to freeze Episcopalian accounts

http://www.post-gazette.com/pg/09023/943856-53.stm

[Pittsburgh Post-Gazette] 23 Jan 2009--Financial services firm Morgan Stanley has frozen the accounts of the Episcopal Diocese of Pittsburgh because it is unsure who should be allowed to access them.

In a letter Jan. 13, the firm said it would not allow any further distributions until it received a court order listing those authorized to use the accounts.

The dispute stems from a split in the church. In October, a group that represents about 60 percent of the local parishes voted to join the more theologically conservative Anglican Province of the Southern Cone in South America. That group now calls itself the Episcopal Diocese of Pittsburgh (Anglican).

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