There Is a Newer Version
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the Arizona Revised Statutes
2011 Arizona Revised Statutes
Title 35 Public Finances
35-752 Dissolution of corporation and vesting of title in municipality or county
Universal Citation:
AZ Rev Stat § 35-752 (1996 through 1st Reg Sess 50th Legis)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
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35-752. Dissolution of corporation and vesting of title in municipality or county
Whenever the board of directors of the corporation, by resolution, determines that the purposes for which the corporation was formed have been substantially complied with and that all bonds and mortgage credit certificates theretofore issued and all obligations theretofore incurred by the corporation have been fully paid or discharged, the members of the board of directors of the corporation shall thereupon dissolve the corporation in accordance with the provisions of title 10 and all funds held by the corporation and title to its property shall vest in the municipality or county with respect to which it was organized.
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