All the property, both real and personal, and all debts and liabilities and choses
in action of every kind belonging to the county or counties from which such new county
was formed shall be divided by the several county boards of the counties interested
between the county or counties from which such new county is formed and the new county
in proportion to the taxable value of property for the last preceding year which has
been taken from such original county or counties and carried to such new county. If such boards cannot agree upon such division, they may refer the matters of difference
to arbitrators or the right to such property may be settled by a suit in the district
court brought by either party for that purpose. In case the property cannot be divided or removed, the county receiving the same shall
pay to the other a proportionate value for the same.
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 or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.