West Virginia Code 7-17-5 – Sale or lease of property; reversion of assets upon dissolution
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The fire association shall fix and determine the terms and conditions of any property or equipment to be leased or sold by the fire association. Upon dissolution of the fire association, all of its assets and property contributed by the county commission shall revert to and become the property of the county for which the board was created.
Terms Used In West Virginia Code 7-17-5
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- County commission: means the county commission or tribunal in lieu thereof of every county within the State of West Virginia as provided in section nine, article nine of the Constitution of the State of West Virginia. See West Virginia Code 7-17-2