§ 1-129.12. Dissolution; termination of affairs.

Current through October 23, 2012

(a) Upon dissolution of the Commission, title to real and personal property of the Commission shall vest in the District. No property, assets, or earnings of the Commission shall at any time inure to any private person or entity.

(b) The Commission may be dissolved by a vote of a majority of the Commission and approval by act of the Council; provided, that adequate provision has been made for all debts and obligations of the Commission.".

                
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(Mar. 10, 1981, D.C. Law 3-171, § 22, as added Mar. 16, 2005, D.C. Law 15-226, § 102, 51 DCR 10539.)

HISTORICAL AND STATUTORY NOTES

Legislative History of Laws

For Law 15-226, see notes following § 1-129.01.