Michigan Compiled Laws § 125.2219 Dissolution Of Authority; Resolution; Disposition Of Property And Assets.

125.2219 Dissolution of authority; resolution; disposition of property and assets.

Sec. 19.

An authority which has completed the purposes for which it was organized shall be dissolved by resolution of the township board. The property and assets of the authority remaining after the satisfaction of the obligations of the authority shall belong to the township.

History: 1986, Act 59, Imd. Eff. Mar. 26, 1986

Section: Previous  125.2206  125.2207  125.2208  125.2209  125.2210  125.2211  125.2212  125.2213  125.2214  125.2215  125.2216  125.2217  125.2218  125.2219  

Last modified: October 10, 2016