Alabama Code 45-24-241.06. Dissolution or abandonment of fire department
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Terms Used In Alabama Code 45-24-241.06
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Upon dissolution or abandonment of any eligible volunteer fire department, any remaining funds derived from this part or any assets purchased with funds derived from this part shall, after all indebtedness has been satisfied, be transferred to the county commission. The funds and assets shall be reallocated by the county commission to other volunteer fire departments. In the event there are no volunteer fire departments, the funds or assets shall be placed in the county general fund.