Section 31-12-414 - School districts - annexation of area to another school district - applicability(1) When any consolidation under this part 4 will result in the detachment of an area from any school district and the attachment of such area to another district, the provisions of section 31-12-304 shall apply with respect to the approval of the board of directors of the school district to which such area will be attached and with respect to the compensation required to be paid by the school district which acquires school facilities located within the detached area.(2) The provisions of this section shall apply to any consolidation proceedings which have not been completed prior to May 22, 1971.L. 75: Entire title R&RE, p. 1100, § 1, effective July 1.This section is similar to former § 31-8-315 as it existed prior to 1975.