Section 125.2897 - Dissolution.
CORRIDOR IMPROVEMENT AUTHORITY ACT (EXCERPT)
Act 280 of 2005
125.2897 Dissolution.
Sec. 27.
An authority that has completed the purposes for which it was organized shall be dissolved by resolution of the governing body. The property and assets of the authority remaining after the satisfaction of the obligations of the authority belong to the municipality.
History: 2005, Act 280, Imd. Eff. Dec. 19, 2005 ;-- Am. 2008, Act 44, Imd. Eff. Mar. 27, 2008