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Wyoming Statutes Title 22. Elections § 22-29-406. Power of trustees to convey assets

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The board of trustees may convey to another district all assets of the dissolving district:

(i) If the other district assumes all debts and obligations of the dissolving district and undertakes to continue to furnish the service provided by the dissolving district pursuant to the plan of dissolution and liquidation; and

(ii) If the written consent of all the known holders of valid indebtedness against the district has been obtained, or provision has been made in the plan for payment of the nonconsenting holders.

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Cite this article: FindLaw.com - Wyoming Statutes Title 22. Elections § 22-29-406. Power of trustees to convey assets - last updated January 01, 2024 | https://codes.findlaw.com/wy/title-22-elections/wy-st-sect-22-29-406/

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