Montana Code Annotated 2021

TITLE 20. EDUCATION

CHAPTER 6. SCHOOL DISTRICTS

Part 4. School District Reorganization

No Cash Disposition When Territory Transferred

20-6-416. No cash disposition when territory transferred. Whenever only a portion of the territory of one district is transferred to another district, all cash and debts, other than bonded indebtedness, shall be retained by the district originally realizing the cash or debt.

History: En. 75-6535 by Sec. 194, Ch. 5, L. 1971; R.C.M. 1947, 75-6535.