The outstanding indebtedness, except in cases mentioned in NRS 539.765 and 539.767 where there is an outstanding lawful bond issue, or where the district has entered into a contract with the United States pursuant to the provisions of this chapter, shall not operate as a bar to dissolution by the district court when provision is made for the payment of such indebtedness in the manner provided in this chapter, or such indebtedness is otherwise satisfied.

Terms Used In Nevada Revised Statutes 539.775

  • Contract: A legal written agreement that becomes binding when signed.