35-808. Dissolution of corporation
Whenever the board of directors of the corporation shall determine that the purpose
for which the corporation was formed has been substantially accomplished and that all
issued bonds and other obligations of the corporation have been fully paid, the members
of the board of directors of the corporation shall thereupon dissolve the corporation in
accordance with the provisions of title 10, and any properties of the corporation shall
be distributed and vest in the municipality or county.
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