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2005 Florida Statutes
SECTION 0674
Corporate existence.
Corporate existence.
380.0674 Corporate existence.--The land authority and its corporate existence shall continue until terminated by law or action of the governing board of the county that established it; however, no such law or action shall take effect so long as the land authority shall have bonds outstanding unless adequate provision has been made for the payment thereof. Upon termination of the existence of the land authority, all its rights and properties in excess of its obligations shall pass to and be vested in the state.
History.--s. 1, ch. 86-170.