The thread about the SBC and its relationship to local churches got me to wondering about something. I know each church conducts its own business, as they are autonomous. However, I have always wondered what happens to the assets of a local church when they close down in most cases. the equity in the building, remaining balances in checking or savings accounts, etc? Also, in the opposite case, if the trustees put their signature on a loan to construct the chuch, are they personally liable if their is still a debt and the sale of the building does not cover the loan? I would guess the money would go to some kind of mission work, but again, I guess that is up to the membership.