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Form a Business

Termination or dissolution.

Ark. Code Ann. § 25-20-423
in effect
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The governing bodies of the municipal electric utility forming an authority shall include in their interlocal agreement a provision allowing for: (1) The termination or dissolution of the authority; (2) The winding up of the authority's affairs; and (3) Appropriate disposal or distribution of the authority's property.
Source: Public.Resource.Org / UniCourt, Official Code of Arkansas Annotated, Release 78 (2020) (unicourt.github.io/cic-code-ar)URL: https://unicourt.github.io/cic-code-ar/transforms/ar/ocar/r78/gov.ar.code.title.25.htmlFetched: 11/8/2026

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