Delaware Code Title 16 Sec. 9221 – Continued existence of Authority
Current as of: 2023 | Check for updates
|
Other versions
The Authority and its corporate existence shall continue until terminated by law, provided, however, that no such law shall take effect so long as the Authority shall have bonds, notes or other obligations outstanding, unless adequate provision has been made for the payment thereof. Upon termination of the existence of the Authority, all its rights and properties shall pass to and be vested in the State.
Terms Used In Delaware Code Title 16 Sec. 9221
- State: means the State of Delaware; and when applied to different parts of the United States, it includes the District of Columbia and the several territories and possessions of the United States. See Delaware Code Title 1 Sec. 302