§ 21-24-116 — Withdrawal and dissolution

(a) Withdrawal:
(i) Once effective, the compact shall continue in
force and remain binding upon each and every member state
provided that a member state may withdraw from the compact by
specifically repealing the statute, which enacted the compact
into law;
(ii) Withdrawal from this compact shall be by the
enactment of a statute repealing the same;
(iii) The withdrawing state shall immediately notify
the chairperson of the interstate commission in writing upon the
introduction of legislation repealing this compact in the
withdrawing state. The interstate commission shall notify the
other member states of the withdrawing state's intent to
withdraw within sixty (60) days of its receipt thereof;
(iv) The withdrawing state is responsible for all
assessments, obligations and liabilities incurred through the
effective date of withdrawal;
(v) Reinstatement following withdrawal of a member
state shall occur upon the withdrawing state reenacting the
compact or upon such later date as determined by the interstate
commission.
(b) Dissolution of compact:
(i) This compact shall dissolve effective upon the
date of the withdrawal or default of the member state which
reduces the membership in the compact to one (1) member state;
(ii) Upon the dissolution of this compact, the
compact becomes null and void and shall be of no further force
or effect, and the business and affairs of the interstate
commission shall be concluded and surplus funds shall be
distributed in accordance with the bylaws.