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Form a Business

Dissolution of authority; conditions; disposition of property, funds, and assets.

MCL 36.110
in effect
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36.110. Dissolution of authority; conditions; disposition of property, funds, and assets. 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. 2016, Act 560, Imd. Eff. Jan. 11, 2017
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-36-110Fetched: 10/20/2026

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