Rhode Island § 45-67-15 § 45-67-15. Reversion upon dissolution or termination.

Rhode Island Statutes

§ 45-67-15 — § 45-67-15. Reversion upon dissolution or termination.

Rhode Island·Title 45 Towns and cities·Ch. 45-67 Block Island Utility District Act of 2017

§ 45-67-15. Reversion upon dissolution or termination.
Upon dissolution or termination of the utility district, the assets of the utility
            district that remain after payment, or making provision for payment, of all bonds,
            notes, and other obligations of the utility district shall be distributed to the town
            of New Shoreham or as ordered by a court of proper jurisdiction.
         

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§ 45-67-15. Reversion upon dissolution or termination.

Upon dissolution or termination of the utility district, the assets of the utility district that remain after payment, or making provision for payment, of all bonds, notes, and other obligations of the utility district shall be distributed to the town of New Shoreham or as ordered by a court of proper jurisdiction.

Rhode Island § 45-67-15 (§ 45-67-15. Reversion upon dissolution or termination.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.