Mo. Rev. Stat. § 8.565
This is the official text of Mo. Rev. Stat. § 8.565, part of Missouri’s Rev. Stat — part of the compiled statutory law of Missouri, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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8.565 Dissolution of authority, when — transfer of assets upon dissolution.
Official statutory text
*8.565. Dissolution of authority, when — transfer of assets upon dissolution. — The authority shall dissolve no later than two years from the date of final payment of all outstanding bonds and the satisfaction of all outstanding obligations of the authority, except to the extent necessary to remain in existence to fulfill any outstanding covenants or provisions with bondholders or third parties made in accordance with sections 8.500 to 8.565 . Upon dissolution of the authority, all assets of the authority shall be transferred to the state and shall be deposited in the state's general revenue fund, and the authority shall execute any necessary assignments or instruments, including any assignment of any right, title, or ownership to the state for receipt of payments under the master settlement agreement.
(L. 2002 S.B. 1191) Effective 6-07-02 *Section terminates upon satisfaction of all outstanding notes and obligations. See section 8.589.
(L. 2002 S.B. 1191) Effective 6-07-02 *Section terminates upon satisfaction of all outstanding notes and obligations. See section 8.589.
Status: in_force · Read it on the official government site
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