Alabama Statutes

§ 23-1-160 — Dissolution

Alabama § 23-1-160
JurisdictionAlabama
Title 23Highways, Roads, Bridges and Ferries
Ch. 1Alabama Highways
Art. 6Alabama Highway Authority

This text of Alabama § 23-1-160 (Dissolution) 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 § 23-1-160 (2026).

Text

At any time when no securities of any kind of the corporation, whether issued under this article or under authorization contained in any other statutes, are outstanding, the corporation may be dissolved upon the filing with the Secretary of State of an application for dissolution, which shall be subscribed by each of the members of the corporation and which shall be sworn to by each such member before an officer authorized to take acknowledgments to deeds. Upon the filing of said application for dissolution, the corporation shall cease and any property owned by it at the time of its dissolution shall pass to the State of Alabama. The Secretary of State shall file and record the application for dissolution, in an appropriate book of record in his office, and shall make and issue, under the

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Legislative History

(Acts 1955, 1st Ex. Sess., No. 43, p. 66, §11; Acts 1969, No. 785, p. 1414, §2.)

Nearby Sections

15
§ 23-1-107
Effective Date
§ 23-1-111
Designation
§ 23-1-130
Establishment
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Bluebook (online)
Alabama § 23-1-160, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/23-1-160.