Statutes, codes, and regulations
Mississippi Code 1972
Title 19 - COUNTIES AND COUNTY OFFICERSChapter 5 - HEALTH, SAFETY AND PUBLIC WELFARE
TRANSACTIONS INVOLVING PROPERTY, ASSETS, AND MERGER OF NONPROFIT, NONSHARE CORPORATIONS CHARTERED FOR RURAL WATERWORKS OR SEWAGE DISPOSAL SYSTEM PURPOSES, AND OF UTILITY DISTRICTS
Section 19-5-257 - Assumption of existing indebtedness

Miss. Code § 19-5-257

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Current through the 2024 Regular Session
Section 19-5-257 - Assumption of existing indebtedness

Upon acquiring such nonprofit, nonshare corporation or utility district, the political subdivision, utility district or nonprofit, nonshare corporation shall assume any existing indebtedness of the corporation or utility district and be responsible for such indebtedness.

Miss. Code § 19-5-257

Laws, 1974, ch. 457, § 3, eff. 3/26/1974.