There is a newer version of the Michigan Compiled Laws
2012 Michigan Compiled Laws
Chapter 125 — PLANNING, HOUSING, AND ZONING
Act 61 of 2007 — NEIGHBORHOOD IMPROVEMENT AUTHORITY ACT (125.2911 - 125.2932)
Section 125.2931 — Dissolution of authority; property and assets.
MI Comp L § 125.2931 (2012 through Reg Sess) What's This?
NEIGHBORHOOD IMPROVEMENT AUTHORITY ACT (EXCERPT)
Act 61 of 2007
125.2931 Dissolution of authority; property and assets.
Sec. 21.
An authority that has completed the purposes for which it was organized shall be dissolved by ordinance of the governing body. The property and assets of the authority remaining after the satisfaction of the obligations of the authority belong to the municipality.
History: 2007, Act 61, Imd. Eff. Sept. 19, 2007
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