At any time when no bonds of the corporations are outstanding the corporations may be dissolved upon each filing with the Secretary of State an application for dissolution, which shall be subscribed by each of the members of the respective corporations 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 respective 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 respective corporation is dissolved, and shall record the said certificate with the application for dissolution.
Structure Code of Alabama
Title 9 - Conservation and Natural Resources.
Chapter 14A - Alabama Public Recreational and Historical Facilities Improvement Act.
Section 9-14A-1 - Short Title.
Section 9-14A-2 - Legislative Findings.
Section 9-14A-3 - Definitions.
Section 9-14A-4 - Alabama State Parks System Improvement Corporation.
Section 9-14A-5 - Alabama Public Historical Sites and Parks Improvement Corporation.
Section 9-14A-7 - Additional Powers of Alabama State Parks System Improvement Corporation.
Section 9-14A-9 - Bonds - Generally.
Section 9-14A-10 - Bonds - Payment; Records.
Section 9-14A-11 - Bonds - Redemption.
Section 9-14A-12 - Bonds - Sale and Execution.
Section 9-14A-13 - Bonds - Proceeds - Alabama State Parks System Improvement Fund.
Section 9-14A-14 - Bonds - Proceeds - Alabama Public Historical Sites and Parks Improvement Fund.
Section 9-14A-15 - Bonds - Proceeds - Disposition.
Section 9-14A-16 - Refunding Bonds.
Section 9-14A-17 - Use of Bonds.
Section 9-14A-19 - Bonds - Proceeds - Alabama State Parks System Maintenance Fund.
Section 9-14A-20 - Bonds - Proceeds - Appropriations.
Section 9-14A-21 - Joint Legislative Committee on State Parks.