Ala. Code § 10A-NEW
At any time when a research and development corridor has no financial obligations or other executory agreements outstanding, its board may adopt a resolution, which shall be duly entered upon its minutes, declaring that the corridor shall be dissolved. Upon filing for record of a certified copy of the resolution in the office of the judge of probate with which the corridor's certificate of incorporation is filed, the corridor shall thereupon stand dissolved, and in the event the corridor owned any property at the time of the dissolution, the title to all its properties, subject to the state constitution, thereupon shall vest in the corridor's authorizing subdivision, or if the corridor has more than one authorizing subdivision, in the corridor's authorizing subdivisions as tenants in common.
Ala. Code § 10A-NEW (1975)