Dissolution of district; distribution of assets

Ind. Code § 13-26-6-4
in effect
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Sec. 4. If: (1) the department determines that the project or operation of the district is not economically feasible, fair, or reasonable; or (2) the district fails to file a plan for the operation of the district within the time prescribed by the department; the department may declare the district dissolved and enter an order for the distribution of all assets owned by the district after the payment of liabilities. [Pre-1996 Recodification Citation: 13-3-2-5(g) part.] As added by P.L.1-1996, SEC.16.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/13Fetched: 10/17/2026

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