Tennessee § 42-4-113 - Dissolution — Disposition of property.
Full text of Tennessee Tennessee Code Annotated § 42-4-113 — Dissolution — Disposition of property., with citation guidance and answers to common questions.
§ 42-4-113. Dissolution — Disposition of property.
Whenever the governing bodies of the creating municipality and the participating municipalities shall each by resolution determine that the purposes for which the authority was created have been substantially accomplished, that all of the bonds and other obligations of the authority have been fully paid, and that the municipalities have agreed on the distribution of the funds and other properties of the authority, then the executive officers of the municipalities shall execute and file for record with the secretary of state a joint certificate of dissolution reciting those facts and declaring the authority to be dissolved. Upon filing the certificate, the authority shall be dissolved, and title to all funds and other properties of the authority at the time of the dissolution shall vest in and be delivered to such municipalities in accordance with the terms of their agreement relating thereto. Acts 1969, ch. 174, § 13; T.C.A., § 42-713. Attorney General Opinions. Dissolution of a municipal airport authority created under the Airport Authorities Act. OAG 16-14, 2016 Tenn. AG LEXIS 14 (4/5/2016).
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 42-4-113
What does Tennessee Code Annotated § 42-4-113 cover?
Section 42-4-113 ("Dissolution — Disposition of property.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 42-4-113?
A common citation format is "Tennessee Code Annotated § 42-4-113" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 42-4-113 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.