Section 41-10-477 Dissolution of Authority.
After all securities and obligations are fully paid, the authority’s president must execute and deliver deed(s) transferring the authority’s remaining buildings, properties, and other assets to the state. The officers and directors must also file a sworn written statement with the Secretary of State, and the statement
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- United States — Alabama
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- en
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After all securities and obligations are fully paid, the authority’s president must execute and deliver deed(s) transferring the authority’s remaining buildings, properties, and other assets to the state. The officers and directors must also file a sworn written statement with the Secretary of State, and the statement must be recorded; then the authority is dissolved.
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Section 41-10-477 Dissolution of Authority.
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