North Dakota Code 40-61-18.1 – Termination of an authority by governing body
Current as of: 2023 | Check for updates
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A majority vote of the governing body of any city shall terminate an existing authority, and all rights, titles, and interest, and all obligations and liabilities thereof shall be vested in or possessed by the city which created the authority.
Terms Used In North Dakota Code 40-61-18.1
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.