Mich. Comp. Laws § 125.4821

Current through Public Act 151 of the 2024 Legislative Session
Section 125.4821 - Dissolution of authority; property and assets

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.

MCL 125.4821

Added by 2018, Act 57,s 8-20, eff. 1/1/2019.