Here is an article, Ruling for Breakaway Parish, in the LA Times about the judge in the dispute between the Episcopal Diocese of Los Angeles and the Church of St. James, which is seeking to keep its properties after leaving the Episcopal Church. The judge has issued a tentative ruling in favor of the church; although this is still not final, perhaps it is a good sign that the parish is near victory in the courts.
While I am not one to want courts to have to rule in ecclesiastical disputes, the Dennis Canon is one situation where the denomination is simply wrong to have done what it did--to claim all properties of parishes were simply held in trust for the Episcopal Church. That is about nothing but power, and as we have seen in subsequent years, it has led to the strengthening of the power of bishops who do not hold to Christian orthodoxy. If the Dennis Canon had never been implemented, I do not think things would have ever degenerated to the point they have in ECUSA, for the freedom of a parish to leave with its properties would have restricted the ability of bishops to do the kinds of things we have seen in Connecticut. It is my hope that we will see a series of court decisions that undo and roll back at least some of the effects of the Dennis Canon.
My parish in Illinois actually bought their property and put up their building using a loan from the Diocese, which they paid off in full. I'd love to wave that in court and see the Diocese claim that they still owned our property.