Sec. 7. After abolition of a township or alteration of a township's boundaries, the former territory of the township comprises a taxing district for the payment of township indebtedness existing at the time of the abolition or alteration.
Ind. Code § 36-6-1-7
Abolition of township or alteration of boundaries; taxing district for payment of existing indebtedness
As added by Acts 1980, P.L.212, SEC.5.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.