§ 7-103. Disposition of property--Payment of debts and liabilities--Contract rights
Oklahoma Statutes AnnotatedTitle 11. Cities and Towns
11 Okl.St.Ann. § 7-103
§ 7-103. Disposition of property--Payment of debts and liabilities--Contract rights
The property belonging to the dissolved municipality shall be used first to pay its debts and liabilities, and then disposed of in the manner as a majority of the registered voters of the municipality shall direct in a special election on the question of disposition of property. No dissolution of an incorporated municipality shall impair the rights of any person in any contract or agreement to which the municipality is a party.
Credits
Laws 1977, c. 256, § 7-103, eff. July 1, 1978.
11 Okl. St. Ann. § 7-103, OK ST T. 11 § 7-103
Current with emergency effective legislation through Chapter 3 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
| End of Document |