Section 36-6-1.5-8 - Merger effective date; former township governments abolished; property, functions, and indebtedness transferredOn the date a merger takes effect:
(1) the former township governments are abolished as separate entities;(2) each township subject to the merger retains its geographical boundaries and its name;(3) the territory of the new township government includes all the territory that comprised the territories of the former township governments before the merger;(4) the agencies of the former township governments are abolished;(5) the functions of the abolished agencies are assigned to agencies of the new township government;(6) the: (E) liabilities; related to the functions of the abolished agencies are assigned to agencies of the new township government; and
(7) any bonds and other indebtedness of, or assumed by, the former township governments are transferred to the new township government.As added by P.L. 240-2005, SEC.3.