Arkansas Statutes

§ 14-138-112 — Conveyance of property by lessee

Arkansas·Title 14
Any lessee is authorized to convey to the corporation, with or without the payment of monetary consideration therefor, any property that may be owned by the lessee, whether or not the property is necessary for the conduct of the governmental or other public functions of the lessee, if the conveyance has been authorized by a resolution duly adopted by the governing body prior to the conveyance.

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Legislative History

Acts 1967, No. 409, § 20; A.S.A. 1947, § 19-5120.

Nearby Sections

15
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