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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16-18-7
Section 16-18-7 Powers of authority. The authority shall have the following powers,
together with all powers incidental thereto or necessary to the discharge thereof in corporate
form: (1) To have succession by its corporate name for the duration of time, which may be
in perpetuity, subject to the provisions of Section 16-18-21 specified in its certificate
of incorporation; (2) To sue and be sued in its own name in civil actions and to defend actions
against it; (3) To adopt and make use of a corporate seal and to alter the same at pleasure;
(4) To adopt and alter bylaws for the regulation and conduct of its affairs and business;
(5) To acquire, receive and take by purchase, gift, lease, devise or otherwise, and to hold
property of every description, real, personal or mixed, wherever the same might be located;
(6) To make, enter into and execute such contracts, agreements, leases and other instruments
and to take such other actions as may be necessary or convenient to accomplish any...
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11-47-219
Section 11-47-219 Authority and procedure for dissolution of authorities; vesting of
title, etc., to properties thereof upon dissolution. At any time when an authority has no
bonds or other obligations outstanding, its board may adopt a resolution, which shall be duly
entered upon its minutes, declaring that the authority shall be dissolved. Upon filing for
record of a certified copy of the resolution in the office of the judge of probate with which
the authority's certificate of incorporation is filed, 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, subject to any constitutional provision or inhibitions to the
contrary, thereupon vest in one or more counties or municipalities in the manner and interests
as may be provided in the certificate of incorporation. Notwithstanding the foregoing, if
the certificate of incorporation contains no provision respecting the vesting of title...

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11-86A-21
Section 11-86A-21 Dissolution of authority; title to property of authority to vest in
county of incorporation upon dissolution of authority unless otherwise provided. (a) At any
time when no bonds of an authority are outstanding, the authority may be dissolved by the
adoption of a resolution by the board of directors recommending dissolution and by the approval
of the dissolution by the governing body of the county of incorporation and each participating
municipality and the adoption of a resolution to the effect that the county and each participating
municipality concur. The resolution need not be published or posted and need not be offered
for more than one reading. Upon the dissolution the chair and secretary of the dissolved authority
shall execute articles of dissolution reciting that the resolutions have been adopted and
that the authority has been dissolved. The articles of dissolution shall be filed with the
probate judge, who shall record the dissolution. (b) Upon dissolution...
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11-54-189
Section 11-54-189 Dissolution of authority and vesting of title to property in authorizing
municipality. At any time when an authority has no bonds or other obligations outstanding,
its board may adopt a resolution, which shall be duly entered upon its minutes, declaring
that the authority shall be dissolved. Upon filing for record of a certified copy of the said
resolution in the office of the judge of probate of the county with which the authority's
certificate of incorporation is filed, 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 municipality. (Acts 1980, No. 80-648, p. 1235, §20.)...

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11-89-17
Section 11-89-17 Authorization and procedure for dissolution of district; vesting of
title to properties of district and apportionment thereof upon dissolution of district. At
any time when the district has no bonds or other obligations outstanding, the board may adopt
a resolution, which shall be duly entered upon its minutes, declaring that the district 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 district's certificate of incorporation
was filed the district shall thereupon stand dissolved and, in the event it owned any property
at the time of its dissolution, the title to all its property shall thereupon pass to and
be divided and apportioned among the counties and municipalities in which any part of the
service area may be located, or, if it is a supply district, among its authorizing subdivisions,
all in such manner and to such extent as may be provided in the district's...
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11-99B-15
Section 11-99B-15 Authorization and procedure for dissolution of district; vesting of
title to properties of district and apportionment thereof upon dissolution of district. At
any time when the district has no bonds or other obligations outstanding, the board may adopt
a resolution, which shall be duly entered upon its minutes, declaring that the district 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 district's certificate of incorporation
was filed, the district shall thereupon stand dissolved and, in the event it owned any property
at the time of its dissolution, the title to all its property shall thereupon pass to and
be divided and apportioned among its members, all in such manner and to such extent as may
be provided in the district's certificate of incorporation, as last amended; provided, however,
that in the absence of a contrary provision in the said certificate of...
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22-21-154
Section 22-21-154 Dissolution. At any time when the authority does not have any bonds
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 said resolution in the office of the judge of probate of the county, the authority
shall, thereupon, stand dissolved, and in the event that it owned any assets or property at
the time of its dissolution, the title to all its assets and property shall thereupon vest
in the municipality. In the event the authority shall at any time have outstanding bonds issued
under this article payable out of the revenues of different projects, then as and when the
principal of and interest on all bonds payable from the revenues derived from any project
shall have been paid in full, title to the project, with respect to which the bonds so paid
in full have been paid, shall thereupon vest in the municipality, but such vesting of...
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41-10-150
Section 41-10-150 Dissolution of authority; title to property vests in state. At any
time when no bonds or obligations assumed by an authority are outstanding, the board of directors
of an authority may adopt a resolution, which shall be 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 Secretary of State, the authority shall thereupon stand
dissolved and, in the event it owned any property at the time of its dissolution, the title
to all of its properties shall thereupon pass to and vest in the state. (Acts 1979, No. 79-441,
p. 710, §16.)...
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45-25-250.13
Section 45-25-250.13 Dissolution of authority. At any time when no bonds or obligations
theretofore assumed by the authority are 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, 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 among DeKalb County and any other county or counties
in which any part of the service area may be located, all in such manner and to such extent
as may be provided in the authority's certificate of incorporation, as amended; provided,
however, that in the absence of a contrary provision in the certificate of incorporation,
as amended, title to real estate and tangible personal property, other than cash,...
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