Ind. Code § 13-26-6-4

Dissolution of district; distribution of assets

Applied in 1 court decision — leading case City of North Vernon v. Funkhouser (2000)

Most recently applied in City of North Vernon v. Funkhouser (March 2000)

As added by P.L.1-1996, SEC.16.

Sec. 4. If:

(1) the department determines that the project or operation of the district is not economically feasible, fair, or reasonable; or

(2) the district fails to file a plan for the operation of the district within the time prescribed by the department;

the department may declare the district dissolved and enter an order for the distribution of all assets owned by the district after the payment of liabilities.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.