Ind. Code § 13-26-6-4

Current through P.L. 171-2024

Section 13-26-6-4 - Dissolution of district; distribution of assets

If:

(1) the department determines that the project or operation of the district is not economically feasible, fair, or reasonable; or

(2) the district fails to file a plan for the operation of the district within the time prescribed by the department;

the department may declare the district dissolved and enter an order for the distribution of all assets owned by the district after the payment of liabilities.

IC 13-26-6-4

Pre-1996 Recodification Citation: 13-3-2-5(g) part.

As added by P.L. 1-1996, SEC.16.