Montana Code 7-14-246. Distribution of district assets after dissolution
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7-14-246. Distribution of district assets after dissolution. Any assets of the district remaining after all debts and obligations of the district have been paid, discharged, or irrevocably settled shall be evenly divided between the county and any cities within or partially within the dissolved district.
Terms Used In Montana Code 7-14-246
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- District: means any transportation district created under this part. See Montana Code 7-14-202