Well not exactly though I think this move is significant. See Most at Presbyterian meeting unlikely to leave denomination and New Presbyterian denomination named byPeter Smith of the The Courier-Journal .
It appears to me this might be similar to some Traditional structures in the Anglican Communion that have not broken off but have some sort of support structure.
In the back ground of all this is perhaps Church Property law concerns too. Something we see the Presbyterian Church popping up in more and more in what was mostly a Episcopal Church matter.
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