Utah Statutes
§ 17D-2-702 — Effect of dissolution.
Utah·Title 17D Limited Purpose Local Government Entities - Other Entities·Ch. 17D-2 Local Building Authority Act·Part 17D-2-7 Dissolution of Local Building Authority
Upon the dissolution of a local building authority:
(1)title to all of the local building authority's projects vest in the creating local entity; and
(2)all assets and net earnings of the local building authority remaining after the payment or providing for the payment of all local building authority bonds and other obligations shall be transferred to the creating local entity.
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Utah § 17D-2-702 (Effect of dissolution.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Chapter 360, 2008 General Session