State Codes and Statutes

Statutes > Arkansas > Title-25 > Chapter-20 > Subchapter-4 > 25-20-423

25-20-423. Termination or dissolution.

The governing bodies of the municipal electric utility forming an authority shall include in their interlocal agreement a provision allowing for:

(1) The termination or dissolution of the authority;

(2) The winding up of the authority's affairs; and

(3) Appropriate disposal or distribution of the authority's property.

State Codes and Statutes

Statutes > Arkansas > Title-25 > Chapter-20 > Subchapter-4 > 25-20-423

25-20-423. Termination or dissolution.

The governing bodies of the municipal electric utility forming an authority shall include in their interlocal agreement a provision allowing for:

(1) The termination or dissolution of the authority;

(2) The winding up of the authority's affairs; and

(3) Appropriate disposal or distribution of the authority's property.