357H.10 - DISSOLUTION OF ZONE. - Iowa Statutes

357H.10 DISSOLUTION OF ZONE. The rural improvement zone shall be dissolved upon the adoption of a resolution of the board of trustees which specifies that all improvements have been made in the zone and all indebtedness has been paid. Upon dissolution of the zone, all assets shall be deeded to a nonprofit corporation whose members are property owners of the improvement zone.          Section History: Recent Form 97 Acts, ch 152, §10