Utah Code 11-58-901. Dissolution of port authority — Restrictions — Notice of dissolution — Disposition of port authority property — Port authority records

11-58-901. Dissolution of port authority — Restrictions — Notice of dissolution — Disposition of port authority property — Port authority records — Dissolution expenses.

(1)	The authority may not be dissolved unless the authority has no outstanding bonded indebtedness, other unpaid loans, indebtedness, or advances, and no legally binding contractual obligations with persons or entities other than the state.

Terms Used In Utah Code 11-58-901

Authority: means the Utah Inland Port Authority, created in Section 11-58-201. See Utah Code 11-58-102
Property: includes both real and personal property. See Utah Code 68-3-12.5
State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5

(2)

Upon the dissolution of the authority:

(a)

the Governor’s Office of Economic Opportunity shall publish a notice of dissolution:

(i)	for the county in which the dissolved authority is located, as a class A notice under Section 63G-30-102, for at least seven days; and

(ii)	as required in Section 45-1-101; and

(b)	all title to property owned by the authority vests in the state.

(3)	The books, documents, records, papers, and seal of each dissolved authority shall be deposited for safekeeping and reference with the state auditor.

(4)	The authority shall pay all expenses of the deactivation and dissolution.

Amended by Chapter 435, 2023 General Session

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Utah Code 11-58-901. Dissolution of port authority — Restrictions — Notice of dissolution — Disposition of port authority property — Port authority records — Dissolution expenses

Terms Used In Utah Code 11-58-901