North Carolina Statutes
§ 160A-689 — Termination
The Board of Trustees may terminate the existence of the Authority at any time when it has no outstanding indebtedness. In the event of such termination, all property and assets of the Authority not otherwise encumbered shall automatically become the property of the State of North Carolina, and the State of North Carolina shall succeed to all rights, obligations, and liabilities of the Authority. (2017-120, s. 1.)
§ 160A-690: Reserved for future codification purposes.
§ 160A-691: Reserved for future codification purposes.
§ 160A-692: Reserved for future codification purposes.
§ 160A-693: Reserved for future codification purposes.
§ 160A-694: Reserved for future codification purposes.
§ 160A-695: Reserved for future codification purposes.
§ 160A-696: Reserved for future codification purpose
Free access — add to your briefcase to read the full text and ask questions with AI
North Carolina § 160A-689 (Termination) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 160A-1
Application and meaning of terms§ 160A-101
Optional forms§ 160A-102
Amendment by ordinance§ 160A-107
Plan to continue for two years§ 160A-108
Municipal officers to carry out plan§ 160A-109
Effective date§ 160A-11
Corporate powers§ 160A-110
Charters to remain in force§ 160A-12
Exercise of corporate power