Alabama Statutes
§ 11-41-27 — Disposition of Property After Dissolution
Alabama·Title 11 Counties and Municipal Corporations·Ch. 41 Incorporation and Dissolution·Art. 2 Dissolution
If any municipal corporation dissolved under the provisions of this article shall own any property, the title thereto shall vest in the county in which such municipal corporation is situated, but if such corporation shall owe any debts, such property shall be sold by the county commission, and be applied pro rata to the payment of such indebtedness.
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Alabama § 11-41-27 (Disposition of Property After Dissolution) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1919, No. 517, p. 739; Code 1923, §2333; Code 1940, T. 37, §24.)
Nearby Sections
15
§ 11-1-1
Number and Names of Counties§ 11-1-2
County Declared a Body Corporate