Mich. Comp. Laws § 36.110
This is the official text of Mich. Comp. Laws § 36.110, part of Michigan’s Comp. Laws — part of the compiled statutory law of Michigan, published by the state as "Comp. Laws." Browse the sections below, each linked to its official government source.
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Dissolution of authority; conditions; disposition of property, funds, and assets.
Official statutory text
Sec. 10.
The authority may be dissolved by act of the legislature on condition that the authority has no debts or obligations outstanding or that provision has been made for the payment or retirement of all debts or obligations. Upon any such dissolution of the authority, all property, funds, and assets of the authority shall be vested in this state.
History: 2016, Act 560, Imd. Eff. Jan. 11, 2017
The authority may be dissolved by act of the legislature on condition that the authority has no debts or obligations outstanding or that provision has been made for the payment or retirement of all debts or obligations. Upon any such dissolution of the authority, all property, funds, and assets of the authority shall be vested in this state.
History: 2016, Act 560, Imd. Eff. Jan. 11, 2017
Status: in_force · Read it on the official government site
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