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14-121-1109. Valid indebtedness unimpaired.

Arkansas Code — all titles (historical 2020) · legal_authorities

14-121-1109. Valid indebtedness unimpaired.

14-121-1109. Valid indebtedness unimpaired. No merger of a district under the terms of this subchapter shall impair or deny any creditor of the merging districts the right to the collection of its bona fide and valid indebtedness existing against the districts, but the creditors of the districts shall be subject to the provisions of this subchapter in connection with the presentation, allowance, or other adjudication with reference to their claim.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-121-1109

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.

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Record provenance

Stable record: arkansas_code:legal_authorities:14-121-1109
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 8ac53cfeb6a5e80a9538c2e0dc299a0783222328d568a158f47d26f0d8fefccc

Source location: content.xml paragraph 32160

Stored source content

14-121-1109. Valid indebtedness unimpaired. No merger of a district under the terms of this subchapter shall impair or deny any creditor of the merging districts the right to the collection of its bona fide and valid indebtedness existing against the districts, but the creditors of the districts shall be subject to the provisions of this subchapter in connection with the presentation, allowance, or other adjudication with reference to their claim.

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