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Current as of January 01, 2024 | Updated by Findlaw Staff
(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, the receiver has authority to levy assessments for:
(a) the payment of obligations of the district; and
(b) the costs of termination.
(3) The directors or, if there is a receiver, the receiver, with the approval of the court, shall make assessments each year in an amount large enough to retire the obligations of the district.
(4) If a receiver has been appointed, the receiver shall direct, under court supervision, the disposition of all assessments collected.
Cite this article: FindLaw.com - Montana Title 85. Water Use § 85-9-304. Appointment of receiver--assessments - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-85-water-use/mt-st-85-9-304/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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