Alabama Statutes
§ 11-89-36 — Dissolution
Alabama·Title 11 Counties and Municipal Corporations·Ch. 89 Water, Sewer, Solid Waste Disposal and Fire Protection Districts·Art. 2 Special Corporations
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.
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Alabama § 11-89-36 (Dissolution) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1994, No. 94-707, p. 1370, §7.)
Nearby Sections
15
§ 11-1-1
Number and Names of Counties§ 11-1-2
County Declared a Body Corporate