At any time when the corporation owns no property and has no indebtedness outstanding, the county commission of the county in which the corporation was organized may adopt a resolution, which shall be duly entered upon the minutes of said county commission, declaring that the corporation shall be dissolved. Upon the filing for record of a certified copy of said resolution in the office of the judge of probate of said county, the corporation shall thereupon stand dissolved. The formation of one or more corporations under the provisions of this division shall not prevent the subsequent formation under this division of another corporation or corporations.
Structure Code of Alabama
Title 22 - Health, Mental Health, and Environmental Control.
Title 1 - Health and Environmental Control Generally.
Chapter 21 - Hospitals and Other Health Care Facilities Generally.
Article 4 - County Hospital Boards and Corporations.
Section 22-21-70 - Definitions.
Section 22-21-71 - Purpose and Construction of Division.
Section 22-21-72 - Incorporation - Application.
Section 22-21-74 - Incorporation - Certificate of Incorporation - Filing; Amendments.
Section 22-21-76 - Board of Directors.
Section 22-21-77 - Powers of Corporation.
Section 22-21-78 - Borrowing by Corporation.
Section 22-21-79 - Investment of Trust Funds in Corporation's Securities.
Section 22-21-80 - Taxation Exemptions.
Section 22-21-81 - Transfer of Hospitals and Funds by Counties or Municipalities.