Section 11-32-20 Dissolution of Transit Authority. — United States — Alabama law | Esheria

Section 11-32-20 Dissolution of Transit Authority.

The authority must not let net earnings benefit private parties, and it may be dissolved by board resolution once it has no bonds or outstanding obligations.

Jurisdiction
United States — Alabama
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Official source
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asset vesting dissolution nonprofit corporation

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