{"data":{"id":"us-mi/mich.-comp.-laws-125.4420","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 125.4420","heading":"Dissolution of authority; resolution; disposition of property and assets.","body":"Sec. 420.\n\nAn authority that completes the purposes for which it was organized shall be dissolved by resolution of the governing body. The property and assets of the authority remaining after the satisfaction of the obligations of the authority shall belong to the municipality or to an agency or instrumentality designated by resolution of the municipality.","path":["MI Code","Chapter 125","Act Act-57-of-2018"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-125-4420","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"6872f328207b48cc70fa276cefbbd0f742684d2a8b8c8e38cd1395708582c1a3","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-125.4419","next":"us-mi/mich.-comp.-laws-125.4503"},"notice":"GroundRules: Original legal text. Not legal advice."}