32:11D-6 - Duration of compact
32:11D-6.Ā Duration of compact
(a) The duration of this compact shall be for an initial period of 100 yearsĀ from its effective date, and it shall be continued for additional periods ofĀ 100 years if not later than 20 years nor sooner than 25 years prior to theĀ termination of the initial period or any succeeding period none of theĀ signatory States, by authority of an act of its Legislature, notifies theĀ commission of intention to terminate the compact at the end of the then currentĀ 100-year period.
(b) In the event that this compact should be terminated by operation of paragraph (a) above, the commission shall be dissolved, its assets and liabilities transferred, and its corporate affairs wound up, in such manner as may be provided by act of the Congress.
L.1961, c. 13, p. 47, s. 1.6.
Ā
(a) The duration of this compact shall be for an initial period of 100 yearsĀ from its effective date, and it shall be continued for additional periods ofĀ 100 years if not later than 20 years nor sooner than 25 years prior to theĀ termination of the initial period or any succeeding period none of theĀ signatory States, by authority of an act of its Legislature, notifies theĀ commission of intention to terminate the compact at the end of the then currentĀ 100-year period.
(b) In the event that this compact should be terminated by operation of paragraph (a) above, the commission shall be dissolved, its assets and liabilities transferred, and its corporate affairs wound up, in such manner as may be provided by act of the Congress.
L.1961, c. 13, p. 47, s. 1.6.
Ā