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Ark. Code Ann. § 14-95-303

Dissolution — Combination of service district

Acts 1995, No. 1090, § 4.

Dissolution or any combination of service districts shall provide for the following:

(1) The transfer or other disposition of property and other rights, claims, and assets of the district;

(2) The payment of all obligations from the resources of the district;

(3) The payment of all costs of abolishing or combining a district from the resources of the districts involved;

(4) The honoring of any bonds, debt, contract, obligation, or cause of action accrued or established under the urban service district;

(5) The provision for the: Equitable disposition of the assets of the district;

(6) Adequate protection of the legal rights of employees of the district; and

(7) Adequate protection of the legal rights of creditors; and

(8) The transfer of all property and assets to the jurisdiction of the city or town.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.