Before the effective date of consolidation, the secretaries of the volunteer firefighters relief associations shall settle any accounts payable from the respective general fund or any other relief association fund in addition to the relief association special fund. Investments held by a fund of the prior relief associations in addition to the special fund must be liquidated before the effective date of consolidation as the bylaws of the relief association provide. Before the effective date of consolidation, the respective relief associations must pay all applicable general fund expenses from their respective general funds. Any balance remaining in the general fund or in a fund other than the relief association special fund as of the effective date of consolidation must be paid to the new general fund of the subsequent volunteer firefighters relief association.
2000 c 461 art 16 s 7
Structure Minnesota Statutes
Chapters 419 - 425 — Municipal Personnel, Retirement
Chapter 424B — Volunteer Firefighters, Consolidation, Dissolution, Conversion
Section 424B.001 — Application Of Chapter 424a.
Section 424B.01 — Definitions.
Section 424B.02 — Consolidation Authorized.
Section 424B.03 — Subsequent Relief Association.
Section 424B.04 — Governance Of Consolidated Volunteer Firefighters Relief Association.
Section 424B.05 — Special And General Funds.
Section 424B.07 — Dissolution Of Prior General Fund Balances.
Section 424B.08 — Termination Of Prior Relief Associations.
Section 424B.09 — Administrative Expenses.
Section 424B.10 — Consolidation; Benefits; Funding.
Section 424B.12 — Mixed Consolidating Relief Associations; Benefit Plan; Funding.
Section 424B.22 — Relief Association Dissolution And Retirement Plan Termination.