Upon dissolution of the corporation, all of the funds, property, both movable and immovable, and both tangible or intangible, assets, interests, rights, and all other property whatsoever, shall become owned by and shall inure to the benefit of the state.
La. R.S. 17:3396.9
Dissolution of corporation
Known as the Campus Accountability and Safety Act
The act spans §§ 17–17 (176 sections).
Acts 1992, No. 882, §1.
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.