Upon acquiring such nonprofit, nonshare corporation or utility district, the political subdivision, utility district or nonprofit, nonshare corporation shall assume any existing indebtedness of the corporation or utility district and be responsible for such indebtedness.
Miss. Code Ann. § 19-5-257
Assumption of existing indebtedness
Known as the Local Government Solid Waste Collection and Disposal Assistance Act
The act spans §§ 19–19 (138 sections).
Laws, 1974, ch. 457, § 3, eff from and after passage (approved March 26, 1974
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.