On termination or dissolution of a research park corporation, all rights and properties of the research park corporation shall pass to and be vested in the university which formed the research park corporation, subject to the rights of any bondholders, lienholders, creditors or ownership interests in the research park corporation.
History: Laws 1989, ch. 264, § 21; 1991, ch. 220, § 5.
The 1991 amendment, effective June 14, 1991, substituted "creditors or ownership interests in the research park corporation" for "and other creditors or any holder of equity interests in a research park corporation" at the end of the section.
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