Tennessee Statutes
§ 41-12-116 — Dissolution by joint certificate - Terms of agreement
Tennessee·Title 41
(a)Whenever the governing bodies of the creating governmental entity and the participating governmental entities each, by resolution or ordinance, determine that the purposes for which the authority was created have been substantially accomplished, that all of the bonds and other obligations of the authority have been fully paid and that the governmental entities have agreed on the distribution of the funds and other properties of the authority, then the executive officers of the governmental entities shall execute and file for record with the secretary of state a joint certificate of dissolution reciting those facts and declaring the authority to be dissolved.
(b)Upon this filing, the authority shall be dissolved, and title to all funds and other properties of the authority at the time
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Tennessee § 41-12-116 (Dissolution by joint certificate - Terms of agreement) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 2008, ch. 1092, § 17.
Nearby Sections
15
§ 41-1-103
Oath of officers and employees§ 41-1-104
Warden - Duties§ 41-1-105
Reports to commissioner§ 41-1-106
Visits by commissioner§ 41-1-107
Examination of witnesses§ 41-1-108
Insurance on property§ 41-1-109
Repairs and improvements§ 41-1-111
Preservation of records§ 41-1-112
Actions by commissioner§ 41-1-113
Report to governor§ 41-1-114
Report to general assembly