This citation is used to support the principle that governmental units can only exercise powers collectively that they can individually. It is cited to argue that since individual counties cannot own stock in a corporation, a trust formed by counties cannot either.
OAG 78-364 was Followed by OAG 94-001
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Disclaimer:
The Sunshine Law Library is not exhaustive and may contain errors from source documents or the import process. Nothing on this website should be taken as legal advice. It is always best to consult with primary sources and appropriate counsel before taking any action.
The Sunshine Law Library is not exhaustive and may contain errors from source documents or the import process. Nothing on this website should be taken as legal advice. It is always best to consult with primary sources and appropriate counsel before taking any action.