65-23-122 - Termination of authority's existence. - Tennessee Statutes

65-23-122. Termination of authority's existence.

In the event that the authority shall cease to exist, all of its assets remaining after all of its obligations and liabilities have been satisfied or discharged shall pass to and become the property of the state.

[Acts 1935 (E.S.), ch. 3, § 22; C. Supp. 1950, § 3708.46 (Williams, § 3708.47); T.C.A. (orig. ed.), § 65-2322.]