35-752. Dissolution of corporation and vesting
of title in municipality or county
Whenever the board of directors of the corporation, by resolution, determines that
the purposes for which the corporation was formed have been substantially complied with
and that all bonds and mortgage credit certificates theretofore issued and all
obligations theretofore incurred by the corporation have been fully paid or discharged,
the members of the board of directors of the corporation shall thereupon dissolve the
corporation in accordance with the provisions of title 10 and all funds held by the
corporation and title to its property shall vest in the municipality or county with
respect to which it was organized.
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