State Act
403
Section 403. Devolution of assets and liabilities of dissolved 3[* * *] municipality
THE ODISHA MUNICIPAL ACT, 1950
Act no. 23 of 19501950In forceOdisha (State Act)
403. Devolution of assets and liabilities of dissolved 3[* * *] municipality :– When a municipality is dissolved under Section 401 3[* * *] the State Government until the date of the reconstitution thereof and the reconstituted municipality thereafter, shall be entitled to all the assets and be subject to all the liabilities of the municipality as on the date of dissolution 3[* * *] and on the date of the reconstitution, respectively.