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UTTAR PRADESH MUNICIPALITIES ACT, 1916

Section 121. Disposal of municipal fund when area ceases to be a Municipality

121. (1) When by reason of a notification under section 3 any local area ceases to be a Municipality and is immediately placed under the control of another local authority, the municipal fund and other property vesting in the Municipality shall vest in such other local authority, and the liabilities of the Municipality shall be transferred to such other local authority. (2) When, in like manner, any local area ceases to be a Municipality and is not immediately placed under the control of another local authority, the municipal fund and other property vesting in the Municipality shall vest in 1[by the State Government] and the liabilities of the Municipality shall be transferred to 2[by the State Government].

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

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