Editing Dyess, Arkansas (section)

===Dissolution===

The Dyess Colony gained a powerful opponent in the form of Governor [[Carl E. Bailey]], a rival and political opponent of Floyd Sharp.<ref name=Smith59 /> It was the governor and his allies who persuaded the directors of Dyess Colony Inc. to incorporate under Arkansas rather than [[Delaware General Corporation Law|Delaware law]] — an action which later made the colony vulnerable to punitive bureaucratic attack.<ref name=Smith59 /> Multiple attempts were made in the Arkansas legislature to undermine and disestablish the Dyess colony, an effort culminating on March 10, 1939, when the Arkansas Corporation Commission, serving at Gov. Bailey's pleasure, revoked the Dyess charter for failing to file reports for three years and failing to pay an $11 annual corporation fee.<ref>Smith, ''Trouble in Goshen,'' pp. 61-62.</ref>

In an effort to avoid additional capricious action, a new legal entity called the Dyess Rural Rehabilitation Corporation (DRRC) was established, to which Dyess Colony Inc. sold its assets.<ref name=Smith62>Smith, ''Trouble in Goshen,'' pg. 62.</ref> This succeeded in saving the non-profit colony until the DRRC was absorbed by the [[Farm Security Administration]] (FSA) in 1944.<ref name=Smith62 /> The federal aspect of the project was formally terminated in 1951.<ref name=Smith62 />