At any time when no bonds of the corporation are outstanding the corporation may be dissolved upon the filing with the Secretary of State of an application for dissolution, which shall be subscribed by each of the members of the corporation and which shall be sworn to by each such member before an officer authorized to take acknowledgments to deeds. Upon the filing of said application for dissolution, the corporation shall cease and any property owned by it at the time of its dissolution shall pass to the State of Alabama. The Secretary of State shall file and record the application for dissolution in an appropriate book of record in his office, and shall make and issue, under the Great Seal of the State, a certificate that the corporation is dissolved, and shall record the certificate with the application for dissolution.
Structure Code of Alabama
Chapter 18B - Alabama Forensic Sciences Bond Authority.
Section 16-18B-1 - Legislative Findings.
Section 16-18B-2 - Definitions.
Section 16-18B-3 - Authorization and Procedure for Incorporations; Application.
Section 16-18B-4 - Certificate of Incorporation.
Section 16-18B-5 - Members; Officers; Quorum; Vacancies; Salaries; Record of Proceedings.
Section 16-18B-6 - Powers of Authority.
Section 16-18B-7 - Bonds - Issuance and Sale.
Section 16-18B-8 - Bonds - Payment of Principal, Premium, and Interest; Records.
Section 16-18B-9 - Bonds - Redemption.
Section 16-18B-10 - Bonds - Execution; Facsimiles; Validity.
Section 16-18B-11 - Alabama Forensic Sciences Bond Fund.
Section 16-18B-12 - Use of Proceeds From Bonds.
Section 16-18B-13 - Refunding Bonds.
Section 16-18B-14 - Exemption From Taxes; Use of Bonds as Security; Investment of Funds.
Section 16-18B-15 - Contracts to Be in Writing.
Section 16-18B-16 - Appropriation and Allocation of Funds.
Section 16-18B-17 - Dissolution of Corporation.