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a)Â Â Â Â Â Â Â Â The corporate authorities of a municipality in which an Article 3 or Article 4 pension fund has been established may dissolve the pension fund by resolution or ordinance after completion of the requirements in Section 4439.40.Â
b)Â Â Â Â Â Â Â Â The corporate authorities of the municipality in which an Article 3 or Article 4 pension fund has been dissolved shall submit to the Pension Division a copy of the signed and dated resolution or ordinance dissolving the pension fund within 30 days after passage.
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