§ 160A-585. Termination.
§ 160A‑585. Termination.
The governing body of the municipality shall have the authority toterminate the existence of the authority at any time. In the event of suchtermination, all property and assets of the authority shall automaticallybecome the property of the municipality and the municipality shall succeed toall rights, obligations and liabilities of the authority. (1977, c. 465; 1979, 2nd Sess., c. 1247, s. 45.)