In the event that the authority shall cease to exist, all of its assets remaining after all of its obligations and liabilities have been satisfied or discharged shall pass to and become the property of the state.
Miss. Code Ann. § 77-5-43
Assets of authority shall pass to state upon cessation of authority’s existence
Codes, 1942, § 5521; Laws, 1936, ch. 183.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.