11-49B-19
Section 11-49B-19 Dissolution of authority and vesting of property. At any time when
the authority has no bonds or outstanding obligations, the board may adopt a resolution, which
shall be duly entered upon its minutes, declaring that the authority shall be dissolved. Upon
the filing for record of a certified copy of the resolution in the office of the judge of
probate of the authorizing county, the authority shall be dissolved and in the event it owned
any property at the time of its dissolution, the title to its properties shall pass to, and
vest in the authorizing county, the principal municipality, and the participating municipalities.
The county and each municipality shall have title to the property as tenant in common. The
fractional interest of the authorizing county, the principal municipality, and each participating
municipality in the property shall be represented by a fraction the numerator of which is
the total amount of fund provided by the authorizing county and each...
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11-49A-19
Section 11-49A-19 Dissolution of authority; apportionment of property. At any time when
the authority has no bonds or other obligations outstanding, the board may adopt a resolution,
which shall be duly entered upon its minutes, declaring that the authority shall be dissolved.
Upon the filing for record of a certified copy of the said resolution in the office of the
judge of probate of the county in which the authorizing municipality is located, the authority
shall thereupon stand dissolved and in the event it owned any property at the time of its
dissolution, the title to all its properties shall thereupon pass to, and be divided and apportioned
as follows: Title to real estate shall vest in the county or municipality, as the case may
be, in which the said real estate is located, and the title to tangible personal property
(including cash on hand and in banks), accounts receivable, choses in action, and other intangible
property (other than tangible interest in land) shall vest in the...
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45-49A-64.19
Section 45-49A-64.19 Dissolution of authority and vesting of property. At any time when
the authority has no bonds or other obligations outstanding, the board may adopt a resolution,
which shall be duly entered upon its minutes, declaring that the authority shall be dissolved.
Upon the filing for record of a certified copy of the resolution in the office of the judge
of probate of the county in which the authorizing municipality is located, the authority shall
thereupon stand dissolved and in the event it owned any property at the time of its dissolution,
the title to all is properties shall thereupon pass to, and be divided and apportioned as
follows: Title to real estate shall vest in the county or municipality, as the case may be,
in which the real estate is located, and the title to tangible personal property (including
cash on hand and in banks), accounts receivable, choses in action, and other intangible property
(other than intangible interest in land) shall vest in the...
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45-46-90.18
Section 45-46-90.18 Dissolution of authority. At any time when the authority has no
bonds or other obligations outstanding, the board may adopt a resolution, which shall be duly
entered upon its minutes, declaring that the authority shall be dissolved. Upon the filing
for record of a certified copy of the resolution in the office of the judge of probate of
the county of incorporation, the authority shall thereupon stand dissolved and in the event
it owned any property at the time of its dissolution, the title to all its properties shall
thereupon pass to the authorizing county or municipality. (Act 86-547, p. 1106, § 19.)...

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11-95-19
Section 11-95-19 Dissolution of corporation; passage of title to property of corporation.
At any time when a corporation has no bonds or other obligations outstanding, its board may
adopt a resolution, which shall be duly entered upon its minutes, declaring that the corporation
shall be dissolved. Upon filing for record of a certified copy of the said resolution in the
office of the judge of probate with which the corporation's certificate of incorporation is
filed, the corporation shall thereupon stand dissolved and in the event it owned any property
at the time of its dissolution, the title to all its properties shall thereupon pass to the
authorizing subdivisions as tenants in common. (Acts 1981, No. 81-338, p. 480, §19.)...
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22-21-191
Section 22-21-191 Dissolution of corporation. If at any time the corporation shall have
outstanding no unpaid securities and if each member of the board of directors of the corporation
shall execute and file for record in the office of the judge of probate of the county in which
the corporation is organized a certificate of dissolution reciting the fact that the corporation
has outstanding no unpaid securities, stating that it is in the best interests of the public
for the corporation to be dissolved and declaring the corporation to be dissolved, the corporation
shall thereupon stand dissolved, and title to all funds and properties owned by it at the
time of such dissolution shall vest, jointly, in the county and the largest of the member
municipalities, according to the federal decennial census next preceding the date of the filing
of the certificate of incorporation of the corporation for record, whereupon possession of
such funds and properties shall forthwith be delivered to the...
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11-32-20
Section 11-32-20 Dissolution of transit authority. The authority shall be a nonprofit
corporation, and no part of its net earnings remaining after payment of its expenses shall
inure to the benefit of any individual, firm, or corporation except as provided in this section.
At any time when the authority has no bonds or outstanding obligations, the board may adopt
a resolution, which shall be duly entered upon its minutes, declaring that the authority shall
be dissolved. Upon the filing for record of a certified copy of the resolution in the office
of the judge of probate of the authorizing county, the authority shall be dissolved and in
the event it owned any property at the time of its dissolution, the title to its properties
shall pass to, and vest equally in, the principal municipality and the authorizing county,
as tenants in common. (Act 2013-380, p. 1389, §20.)...
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11-54A-5
Section 11-54A-5 Procedure to incorporate; contents and execution of certificate of
incorporation. Within 40 days following the adoption of the authorizing resolution, the applicants
shall proceed to incorporate the authority by filing for record in the office of the judge
of probate of the county wherein the city is located a certificate of incorporation which
shall comply in form and substance with the requirements of this section and which
shall be in the form and executed in the manner herein provided. The certificate of incorporation
of the authority shall state all of the following: (1) The names of the persons forming the
authority, and that each of them is a duly qualified elector of the city. (2) The name of
the authority, which shall include the name of the city in its title as follows: The ___ Redevelopment
Authority. (3) The period for the duration of the authority (if the duration is to be perpetual,
subject to the provisions of Section 11-54A-20 hereof, that fact...
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11-20-45
Section 11-20-45 Authority and procedure for dissolution of corporations; disposition
of funds and properties thereof upon dissolution. Whenever the board of directors of the corporation
shall by resolution determine that the purposes for which the corporation was formed have
been substantially complied with and all bonds theretofore issued and all obligations theretofore
incurred by the corporation have been fully paid, the then members of the board of directors
of the corporation shall thereupon execute and file for record in the office of the judge
of probate of the county in which the corporation is organized a certificate of dissolution
reciting such facts and declaring the corporation to be dissolved. Such certificate of dissolution
shall be executed under the corporate seal of the corporation. Upon the filing of such certificate
of dissolution, the corporation shall stand dissolved, the title to all funds and properties
owned by it at the time of such dissolution shall vest in...
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24-9-10
Section 24-9-10 Incorporation of local authority. (a) If the number of tax delinquent
properties in a municipality exceeds 1,000, then the governing body of a municipality may
adopt a resolution declaring that it is wise, expedient, and necessary that a local authority
be formed by the municipality by the filing for record of a certificate of incorporation in
accordance with the provisions of subsection (c). (b) If the number of tax delinquent properties
in a municipality exceeds 1,000, then the governing body of a county may adopt a resolution
declaring that it is wise, expedient, and necessary that a local authority be formed by the
county by the filing for record of a certificate of incorporation in accordance with the provisions
of subsection (c). (c) Upon the adoption of the authorizing resolution, the municipality or
county, as the case may be, shall proceed to incorporate the local authority by filing for
record in the office of the judge of probate of the county a certificate...
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