Michigan § 129.273 Dissolution of authority.

Michigan Statutes

§ 129.273 — Dissolution of authority.

Michigan § 129.273

Ch. 129PUBLIC FUNDS

Act 226 of 2005MICHIGAN TOBACCO SETTLEMENT FINANCE AUTHORITY ACT (129.261-129.279)

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Bluebook

Mich. Comp. Laws § 129.273 (2026).

Text

MICHIGAN TOBACCO SETTLEMENT FINANCE AUTHORITY ACT (EXCERPT) Act 226 of 2005 129.273 Dissolution of authority. Sec.

13.The authority may be dissolved by act of the legislature on condition that the authority has no debts or obligations outstanding or that provision has been made for the payment or retirement of all debts or obligations. Upon any such dissolution of the authority, all property, funds, and assets of the authority shall be vested in this state.

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MICHIGAN TOBACCO SETTLEMENT FINANCE AUTHORITY ACT (EXCERPT) Act 226 of 2005 129.273 Dissolution of authority. Sec. 13. The authority may be dissolved by act of the legislature on condition that the authority has no debts or obligations outstanding or that provision has been made for the payment or retirement of all debts or obligations. Upon any such dissolution of the authority, all property, funds, and assets of the authority shall be vested in this state.