Alabama Statutes
§ 37-13-21 — Dissolution of Authority
Alabama·Title 37 Public Utilities and Public Transportation·Ch. 13 Incorporation of Railroad Authorities as Public Corporations
At any time when no bonds of an authority are outstanding, such authority may be dissolved upon the filing, with the judge of probate of the county in which is filed the certificate of incorporation, of an application for dissolution, which shall be subscribed by each director and sworn to by each director before an officer authorized to take acknowledgments to deeds. Upon the filing of such application for dissolution, the authority shall cease to exist. Said probate judge shall receive and record the application for dissolution in an appropriate book of record in his office. Upon dissolution, all rights, title and interests of the authority in property shall be vested in the authorizing subdivisions pursuant to the provisions of the certificate of incorporation, or, in the absence of suc
Free access — add to your briefcase to read the full text and ask questions with AI
Alabama § 37-13-21 (Dissolution of Authority) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1984, No. 84-179, p. 256, §21; Acts 1990, No. 90-546, p. 852, §2.)
Nearby Sections
15
§ 37-1-1
Commission Established§ 37-1-100
Effective Date of Orders§ 37-1-101
Modification of Orders§ 37-1-102
Record of Proceedings§ 37-1-105
Rehearing§ 37-1-122
Time for Appeal; How Appeal Perfected