38.20 Adjustment of assets and liabilities.
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38.20 Adjustment of assets and liabilities.
(1)Except as provided in sub.
(2), upon the creation of a district the property, assets, claims, contracts, obligations, rights, duties and liabilities relating and pertaining to the existing technical colleges in the territory included in the district shall become the property, assets, claims, contracts, obligations, rights, duties and liabilities of the district.