45-8A-20.19
Section 45-8A-20.19 Dissolution of the corporation and vesting of title to property in the
city. At any time when the 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 a certified copy of the resolution in the office
of the Judge of Probate of Calhoun 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 the city. (Act 85-319, p. 239, §20.)...
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45-30-250.14
Section 45-30-250.14 Dissolution of authority. At any time when no bonds or obligations previously
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 pass to and be divided
and apportioned on a pro rata basis among Franklin County and any other county or counties
in which any part of the service area may be located, all in the manner and to the extent
provided in the authority's certificate of incorporation, as amended. 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, shall vest in the county...
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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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45-46-90.18
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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16-17A-23
Section 16-17A-23 Dissolution of authority. (a) At any time when an authority does not have
any indebtedness or other contractual or legal obligations outstanding, an authority may be
dissolved by filing articles of dissolution with the Secretary of State, but only with the
approval of both the board of the authority and the sponsoring university in the manner provided
in this section. (b) In order to dissolve an authority, the following steps shall be completed:
(1) The board shall first adopt a resolution proposing dissolution of the authority. (2) After
the adoption by the board of a resolution approving articles of dissolution, the authority
shall file with the sponsoring university a written request to the sponsoring university for
adoption of a resolution approving dissolution of the authority. (3) As promptly as may be
practicable after the receipt of the application from the authority, the sponsoring university
shall review the application, and its governing body shall adopt a...
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45-41A-10.19
Section 45-41A-10.19 Dissolution of corporation. At any time when the 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 of Lee 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 the city.
(Act 85-185, p. 40, §20.)...
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45-41A-40.19
Section 45-41A-40.19 Dissolution of corporation. At any time when the 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
a certified copy of the resolution in the office of the Judge of Probate of Lee 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 the city. (Act
84-415, p. 981, §20.)...
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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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41-10-69
Section 41-10-69 Conveyance of lands, buildings, properties, etc., of authority to state upon
payment in full of bonds, etc.; dissolution of authority. (a) When all bonds issued by the
authority and all obligations assumed by it under the provisions of this article shall have
been paid in full, the president of the authority shall thereupon execute and deliver in the
name of and in behalf of the authority an appropriate deed or deeds, to which the seal of
the authority shall be affixed and attested by the secretary of the authority, whereby there
shall be conveyed to the state all the lands, buildings, fixtures, properties and other assets
then owned by the authority. (b) The then officers and directors of the authority shall at
such time file with the Secretary of State a written statement, subscribed and sworn to by
each of them, reciting the payment in full of all bonds theretofore issued by the authority
and the execution and delivery of such deed or deeds to the state, which...
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11-94-18
Section 11-94-18 Dissolution of authority; vesting of title to funds and property of authority.
Whenever the board of any authority shall by resolution determine that the purposes for which
the authority was formed have been substantially complied with and any bonds theretofore issued
and all obligations theretofore incurred by the authority have been paid, the authority shall
thereupon execute and file for record in the office of the judge of probate of the county
in which its certificate of incorporation was filed a certificate of dissolution reciting
such facts and declaring the authority to be dissolved. Such certificate of dissolution shall
be signed by the president or vice president of the authority under its corporate seal. Upon
the filing of such certificate of dissolution the authority shall stand dissolved, the title
to all funds and properties owned by it at the time of such dissolution shall vest in equal
shares in its authorizing subdivisions and the possession of such...
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