6-8B-34. Refunding after detachment of land from issuer.
90 words·~1 min read·
/sd/title-6/chapter-6-8/6-8b-34A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding § 6-8B-33 , the indebtedness of any public body outstanding at the time part or parts of the public body are detached therefrom by any lawful means and which public body has retained its lawful corporate existence after the detachment of the land from the public body may be refunded by action of the governing body of the public body from which land has been detached with or without concurrence or action by the governing board of the public body, if any, within which the detached land is included.