Section 125.2219 - Dissolution of authority; resolution; disposition of property and assets. - Michigan Statutes

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Statutes > Michigan > Chapter-125 > Act-59-of-1986 > Section-125-2219

RESORT DISTRICT REHABILITATION ACT (EXCERPT)
Act 59 of 1986

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

State Codes and Statutes

Statutes > Michigan > Chapter-125 > Act-59-of-1986 > Section-125-2219

RESORT DISTRICT REHABILITATION ACT (EXCERPT)
Act 59 of 1986

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

State Codes and Statutes

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State Codes and Statutes

Statutes > Michigan > Chapter-125 > Act-59-of-1986 > Section-125-2219

RESORT DISTRICT REHABILITATION ACT (EXCERPT)
Act 59 of 1986

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