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Arkansas Code Title 15. Natural Resources and Economic Development § 15-5-211. Dissolution

Current as of March 28, 2024 | Updated by Findlaw Staff

(a) The Arkansas Development Finance Authority may be dissolved by act of the General Assembly on condition that the authority has no debts or obligations outstanding or provision has been made for the payment or retirement of such debts or obligations.

(b) Upon any such dissolution of the authority, all property, funds, and assets thereof shall be vested in the state.

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Cite this article: FindLaw.com - Arkansas Code Title 15. Natural Resources and Economic Development § 15-5-211. Dissolution - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-15-natural-resources-and-economic-development/ar-code-sect-15-5-211/

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