Code of Alabama

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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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11-92C-20
Section 11-92C-20 Dissolution of authority and vesting of title to property. 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 of the county in which the authority was formed pursuant to Section 11-92C-4, the
authority shall 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 subdivision
or private user as required by any agreement with any private user. (Act 2020-72, §20.)...

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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.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-41A-40.19.htm - 887 bytes - Match Info - Similar pages

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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49A-64.19.htm - 1K - Match Info - Similar pages

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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11-54A-20
Section 11-54A-20 Dissolution of corporation and vesting of title to property in 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 of a certified copy of the said 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 the city. (Acts 1985, No. 85-683, §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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41-10-108
Section 41-10-108 Dissolution of corporation and vesting of title to properties thereof upon
dissolution; vesting of title to projects upon payment in full of bonds pertaining thereto;
formation of corporation not to prevent subsequent formation of other corporations by same
county. (a) At any time when the corporation does not have any bonds outstanding, the board
may adopt a resolution, which shall be duly entered upon its minutes, declaring that the corporation
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 corporation shall thereupon stand dissolved
and, in the event that it owns any property at the time of its dissolution, the title to all
its property shall thereupon vest in the county. (b) In the event that the corporation shall
at any time have outstanding bonds issued under this article payable out of the revenues from
different projects, then as and when the principal of and...
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11 through 20 of 392 similar documents, best matches first.
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