Title 50, Chapter 8, Section 39.1
( 50-8-39.1)
Upon a center's ceasing operations, the local government members of
the center shall, within 30 days of cessation of the center's
operations, appoint a receiver of the assets of the center for the
protection of creditors. The receiver shall be authorized to
marshal, sell, or transfer assets, pay liabilities, and assess
counties and municipalities which were members of the center. After
the completion of such liquidation, a distribution shall be made to
the local government members on a pro rata basis according to the
amount of contributions such members made to the center. |