11-92A-22
Section 11-92A-22 Dissolution of authority. (a) At any time when no bonds of an authority are
outstanding, an authority may be dissolved by the adoption by its board of directors of a
resolution recommending its dissolution and the approval of such dissolution and the proposed
articles of dissolution by the governing body of each county within an authority's authorized
operational area by the adoption of a resolution to the effect that the governing body of
such county concurs with the proposed dissolution of the authority. All counties within the
authorized operational area of an authority must approve the articles of dissolution of an
authority, or such articles of dissolution shall be invalid. Such resolution need not be published
or posted and need not be offered for more than one reading. Upon receiving necessary approval
under this section, the chairman and secretary of the dissolved authority shall execute articles
of dissolution reciting that such resolutions have been adopted...
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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 The resolution need not be published or posted and need not be offered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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10A-2A-14.04
Section 10A-2A-14.04 Revocation of dissolution; reinstatement. (a) A corporation may revoke
its dissolution within 120 days after its effective date and be reinstated. (b) Revocation
of dissolution and reinstatement shall be authorized in the same manner as the dissolution
was authorized unless that authorization permitted revocation and reinstatement by action
of the board of directors alone, in which event the board of directors may revoke the dissolution
and effect the reinstatement without stockholder action. (c) After the revocation of dissolution
and reinstatement is authorized, the corporation may revoke the dissolution and effect the
reinstatement by delivering to the Secretary of State for filing a certificate of revocation
of dissolution and reinstatement, together with a copy of its certificate of dissolution,
that sets forth: (1) the name of the corporation; (2) the effective date of the dissolution
that was revoked; (3) the date that the revocation of dissolution and...
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22-23A-5
Section 22-23A-5 Application to become corporation; filing and recordation; certificate of
incorporation; officers; board of directors; record of proceedings. (a) To become a corporation,
the Governor, the director of the department, the Director of Finance, and the two legislators
appointed to the authority in Section 22-23A-3 shall present to the Secretary of State of
Alabama an application signed by them which shall set forth: (1) The name, official designation
and official residence of each of the applicants, together with a certified copy of the commission
evidencing each applicant's right to office; (2) The date on which each applicant was inducted
into office and the term of office of each of the applicants; (3) The name of the proposed
corporation, which shall be the "Alabama Water System Assistance Authority"; (4)
The location of the principal office of the proposed corporation; and (5) Any other matter
relating to the incorporation which the applicants may choose to insert...
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45-25-250.13
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, shall vest in the county
in which the real estate or tangible personal property is located and the title to
cash on hand and in banks, accounts receivable, choses in action, and other intangible property,
other than intangible interest in land, shall vest in all of the counties in which any part
of the service area lies. Each such county shall have title to cash and intangible items as
a tenant in common thereof, the fractional interest of each such tenant in...
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45-29-140.14
at the time of its dissolution, the title to all its properties shall thereupon pass to and
be divided and apportioned among Fayette 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, shall vest in
the county in which the real estate or tangible personal property is located and the
title to cash on hand and in banks, accounts receivable, choses in action, and other intangible
property, other than intangible interest in land, shall vest in all of the counties in which
any part of the service area lies. Each such county shall have title to the cash and intangible
items as a tenant in common thereof, the fractional interest of each such tenant in...
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45-36-252.13
at the time of its dissolution, the title to all its properties shall thereupon pass to and
be divided and apportioned among Jackson 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, shall vest in
the county in which the real estate or tangible personal property is located and the
title to cash on hand and in banks, accounts receivable, choses in action, and other intangible
property, other than intangible interest in land, shall vest in all of the counties in which
any part of the service area lies. Each such county shall have title to the cash and intangible
items as a tenant in common thereof, the fractional interest of each such tenant in...
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45-38-141.14
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 Lamar 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.
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
in which the real estate or tangible personal property is located and the title to
cash on hand and in banks, accounts receivable, choses in action, and other intangible property,
other than intangible interest in land, shall vest in all of the counties in which any part
of the service area lies. Each such county shall have title to the cash and intangible items
as a tenant in common thereof, the fractional interest of each such tenant in...
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45-47-250.14
at the time of its dissolution, the title to all its properties shall thereupon pass to and
be divided and apportioned among Marion 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, shall vest in the county
in which the real estate or tangible personal property is located and the title to
cash on hand and in banks, accounts receivable, choses in action, and other intangible property,
other than intangible interest in land, shall vest in all of the counties in which any part
of the service area lies. Each such county shall have title to the cash and intangible items
as a tenant in common thereof, the fractional interest of each such tenant in...
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11-89-36
Section 11-89-36 Dissolution. Upon dissolution of a special corporation, all assets of the
corporation shall be vested in the district. The dissolution may occur by expiration of the
corporate life of the special corporation by the terms of its certificate of incorporation,
or by adoption of a resolution to dissolve by the board of directors of the special corporation,
if it has no bonds outstanding. (Acts 1994, No. 94-707, p. 1370, §7.)...
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