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6-52-301 - Requisites for forfeiture.

6-52-301. Requisites for forfeiture.

(a)  If any municipal corporation with a population of one hundred (100) inhabitants or fewer according to the latest federal census fails to exercise its corporate powers as described in § 6-52-302, then it shall, as a municipal corporation, forfeit its charter.

(b)  Such forfeiture shall become effective upon the issuance of a court decree to that effect as prescribed in § 6-52-303.

[Acts 1983, ch. 116, § 1.]  

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