Sec. 36. An authority may be liquidated after the authority’s securities are redeemed, debts are paid, and leases are terminated if the board of directors files a report with the circuit court, superior court, or probate court showing the facts and stating that the liquidation is in the best public interest. The court shall find the facts and make an order book entry ordering the authority liquidated.

[Pre-1993 Recodification Citation: 16-12-20-24.]

As added by P.L.2-1993, SEC.5. Amended by P.L.84-2016, SEC.86.