Arkansas § 6-50-810 Dissolution

Arkansas Statutes

§ 6-50-810 — Dissolution

Arkansas § 6-50-810

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This text of Arkansas § 6-50-810 (Dissolution) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 6-50-810 (2026).

Text

(a)If a workforce development center authority does not have any outstanding indebtedness, the board of directors of a workforce development center authority may adopt a resolution, which shall be entered in its minutes, declaring that the workforce development center authority shall be dissolved.

(b)The resolution dissolving the workforce development center authority shall provide for allocation of the workforce development center authority's remaining assets among the sponsors as of the date of dissolution.

(c)Upon the filing for record of a certified copy of the resolution with the Secretary of State, the workforce development center authority is dissolved.

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(a) If a workforce development center authority does not have any outstanding indebtedness, the board of directors of a workforce development center authority may adopt a resolution, which shall be entered in its minutes, declaring that the workforce development center authority shall be dissolved. (b) The resolution dissolving the workforce development center authority shall provide for allocation of the workforce development center authority's remaining assets among the sponsors as of the date of dissolution. (c) Upon the filing for record of a certified copy of the resolution with the Secretary of State, the workforce development center authority is dissolved.