85-9-301. Procedure for dissolution of district. (1) The procedure for dissolution of a district is: (a) a resolution shall be passed by the directors requesting dissolution; (b) a petition signed by 20% of the electors representing 10% of the taxable valuation of real property in the district shall be presented to the directors; or (c) if the district or […]
85-9-302. Dissolution election. (1) After receipt of petition or resolution for dissolution, the court shall order an election to be conducted in accordance with Title 13, chapter 1, part 5. (2) For dissolution to be approved, a majority of the electors voting must favor dissolution. History: En. Sec. 43, Ch. 100, L. 1969; R.C.M. 1947, 89-3443; amd. Sec. […]
85-9-303. Termination plan — court jurisdiction. (1) In the event the vote is for dissolution, any qualified elector or the board of directors of the district may, within the time fixed by the court, present a written plan for terminating the affairs of the district which shall include assignment of any water rights and works owned […]
85-9-304. Appointment of receiver — assessments. (1) If a plan is not presented on or before the date set by the court, the court shall appoint a receiver to terminate the affairs of the district under the supervision of the court. (2) Upon the appointment of a receiver, all authority of the directors ceases. However, until dissolution, […]
85-9-305. Entry of dissolution order. (1) The court shall enter an order dissolving the district when it appears to the satisfaction of the court that: (a) all obligations of the district have been discharged; (b) all the costs of termination have been paid. (2) A certified copy of the order shall be recorded by the clerk of the court […]
85-9-306. County general funds to receive funds remaining after dissolution. All funds remaining after dissolution of a district shall be deposited in the general fund of the counties in which the district is located in proportion to the taxable value of property within the district in each county. History: En. Sec. 47, Ch. 100, L. 1969; R.C.M. […]
