7-34-2163. Decision on dissolution petition.
71 words·~1 min read·
/mt/title-7/chapter-34/part-21/7-34-2163A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
7-34-2163 . Decision on dissolution petition. The commissioners shall enter upon their minutes an order dissolving such district if, upon the hearing provided for in 7-34-2162 , the commissioners find:
(1)such petition to be sufficient;
(2)that the district is not indebted in any amount beyond funds immediately available to extinguish all of its debts and obligations; and
(3)that there is good reason for the dissolution of such district.