§ 159B-29. Dissolution of joint agencies. - North Carolina Statutes

§ 159B‑29. Dissolution of joint agencies.

Whenever the governing board of a joint agency and the governing boardsof its member municipalities shall by resolution or ordinance determine thatthe purposes for which the joint agency was formed have been substantiallyfulfilled and that all bonds theretofore issued and all other obligationstheretofore incurred by the joint agency have been fully paid or satisfied, thegoverning board of the joint agency may by resolution declare the joint agencyto be dissolved. On the effective date of such resolution declaring the jointagency to be dissolved, the title to all funds and other property owned by thejoint agency at the time of such dissolution shall vest in the membermunicipalities of the joint agency as provided in this Chapter and the bylawsof the joint agency. Notice of such dissolution shall be filed with theSecretary of State. (1975, c. 186, s.1; 1995, c. 412, s. 18.)