6-13-1407. Creation of school district — When part of school district taken.

Arkansas Code — all titles (historical 2020) · legal_authorities

6-13-1407. Creation of school district — When part of school district taken.

6-13-1407. Creation of school district — When part of school district taken. (a) Any receiving district or resulting district created under this section shall become the successor in interest to the property of the school district dissolved, shall become liable for the contracts and debts of such a school district, and may sue and be sued therefor. (b) When territory less than the entire school district is annexed or consolidated to a school district, the receiving district or resulting district shall take the property of the school district from which the territory was taken, as the State Board of Education shall deem proper, and shall be liable for that part of all indebtedness of the school district from which the territory was taken as shall be assigned to it by the state board unless otherwise approved by a majority vote of the affected district's or affected districts' board or boards of directors.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-13-1407

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.