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Code · South Dakota · Title 38 · Chapter 38-8

38-8-26. Certificates of organization for new districts--Certificate of dissolution--Assets and liabilities revert to new district.

58 words·~1 min read·/sd/title-38/chapter-38-8/38-8-26

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The requirements of §§ 38-8-16 to 38-8-18 , inclusive, apply to applications for issuance of certificates of organization for new districts pursuant to § 38-8-22 . Upon termination of the existing districts, the secretary of state shall issue and record a certificate of dissolution. All assets and liabilities of the original districts shall revert to the new district.
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