Alabama § 11-54-189 Dissolution of Authority and Vesting of Title to Property in Authorizing Municipality

Alabama Statutes

§ 11-54-189 — Dissolution of Authority and Vesting of Title to Property in Authorizing Municipality

Alabama § 11-54-189

Title 11Counties and Municipal Corporations

Ch. 54Promotion of Industry, Trade, Commerce and Pollution Control

Art. 6Commercial Development Authorities

This text of Alabama § 11-54-189 (Dissolution of Authority and Vesting of Title to Property in Authorizing Municipality) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 11-54-189 (2026).

Text

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.