Alabama Code 45-40-101. School District No. 2 abolished
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Terms Used In Alabama Code 45-40-101
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
School District No. 2 in Lawrence County is abolished. All assets, liabilities, books, and records of School District No. 2 shall be transferred to and administered by School District No. 1 in Lawrence County.