South Dakota Codified Laws 46A-18-77. Satisfaction of obligations outstanding after dissolution
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If, after a water project district has been dissolved and all assets of the district have been disposed of, any obligations of the district remain outstanding, the Board of Water and Natural Resources shall exercise the power and authority of the district board of directors until such time as all responsibilities, obligations, and contractual commitments of the dissolved district have been satisfied.
Terms Used In South Dakota Codified Laws 46A-18-77
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Source: SL 1984, ch 293, § 76.