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ARKANSAS STATUTES AND CODES
§ 25-20-423 - Termination or dissolution.
25-20-423. Termination or dissolution.
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.
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.
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