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14-95-303. Dissolution — Combination of service district.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-95-303. Dissolution — Combination of service district.
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:
(A) Equitable disposition of the assets of the district;
(B) Adequate protection of the legal rights of employees of the district; and
(C) Adequate protection of the legal rights of creditors; and
(6) The transfer of all property and assets to the jurisdiction of the city or town.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-95-303
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:14-95-303
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 8e31168aa2d1c8ab0c301734bfb84a07d13dbafee85258875bfdcbf46929e40f
Source location: content.xml paragraph 27049
Stored source content
14-95-303. Dissolution — Combination of service district.
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:
(A) Equitable disposition of the assets of the district;
(B) Adequate protection of the legal rights of employees of the district; and
(C) Adequate protection of the legal rights of creditors; and
(6) The transfer of all property and assets to the jurisdiction of the city or town.
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