Michigan Compiled Laws § 125.1827 Dissolution Of Authority; Resolution; Disposition Of Property And Assets.

125.1827 Dissolution of authority; resolution; disposition of property and assets.

Sec. 27.

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

History: 1980, Act 450, Imd. Eff. Jan. 15, 1981
Popular Name: TIFA

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Last modified: October 10, 2016