Section 405. Re-incorporation of existing corporation

Any  previously
  incorporated  society,  to  which  this  article  is   applicable,   may
  re-incorporate  it  under  the  provisions  of  this article by the same
  procedure set  forth  for  incorporation,  substituting  at  appropriate
  places  the  word  "re-incorporate"  for "incorporate" and by filing the
  certificate of incorporation in the office of the county  clerk  in  the
  county  in  which  its  principal place of worship or office is located.
  Notwithstanding the provisions  of  section  four  hundrd  two  of  this
  article,  the  requirements  for a quorum for the general transaction of
  business as set forth in the by-laws of the existing corporation,  shall
  determine   the   requirements   for   a   quorum   at   a  meeting  for
  re-incorporation pursuant to this section, unless there shall be no such
  provision in the said by-laws, in which  case  the  requirements  for  a
  quorum set forth in section four hundred two shall govern.
    The  re-incorporated corporation shall be deemed a continuation of the
  previously organized corporation, but thereafter it shall have only such
  rights and powers and be subject only to such obligations as  any  other
  corporation created under this article nineteen, provided, however, that
  all   property  rights  and  liabilities  of  the  previously  organized
  corporation shall be  vested  in  and  assumed  by  the  re-incorporated
  corporation.  The  corporate by-laws and officers of the re-incorporated
  corporation shall be the same as those of its predecessor until  changed
  pursuant to the said by-laws.