If any municipal corporation dissolved under the provisions of this article shall own any property, the title thereto shall vest in the county in which such municipal corporation is situated, but if such corporation shall owe any debts, such property shall be sold by the county commission, and be applied pro rata to the payment of such indebtedness.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 41 - Incorporation and Dissolution.
Section 11-41-21 - Petition to Probate Judge for Dissolution.
Section 11-41-22 - Notice and Hearing Upon Petition.
Section 11-41-23 - Issuance of Decree of Dissolution.
Section 11-41-24 - Grounds for Forfeiture of Charter.
Section 11-41-26 - Rendition of Decree of Forfeiture and Dissolution; Appeal From Same.
Section 11-41-27 - Disposition of Property After Dissolution.