Arkansas Statutes
§ 4-35-111 — Dissolution
Arkansas·Title 4
(a)(1) A water authority shall be dissolved upon the expiration of its term of existence as set forth in the water authority's articles if the term of existence is less than perpetual in nature.
(2)Upon the dissolution, a notice shall be filed with both the Arkansas Natural Resources Commission and the Secretary of State.
(b)(1) A water authority may also be dissolved upon filing articles of dissolution with the approval in writing by the commission.
(2)If approved by the commission, articles of dissolution shall also be filed with the Secretary of State.
(c)Upon dissolution, any assets of a water authority remaining after payment of claims and liabilities of the water authority shall be transferred to another water authority with approval of the commission or to the State of Arkansas
Free access — add to your briefcase to read the full text and ask questions with AI
Arkansas § 4-35-111 (Dissolution) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 2003, No. 1330, § 3.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of subtitle§ 4-1-104
Construction against implicit repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - Gender§ 4-1-107
Section captions§ 4-1-201
General definitions§ 4-1-202
Notice - Knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - Seasonableness§ 4-1-206
Presumptions