No merger of a district under the terms of this subchapter shall impair or deny any creditor of the merging districts the right to the collection of its bona fide and valid indebtedness existing against the districts, but the creditors of the districts shall be subject to the provisions of this subchapter in connection with the presentation, allowance, or other adjudication with reference to their claim.
Structure Arkansas Code
Subtitle 7 - Water and Soil Improvement Districts
Chapter 121 - Drainage Improvement Districts Generally
Subchapter 11 - Drainage Districts
§ 14-121-1101. Legislative determination
§ 14-121-1103. Subchapter cumulative
§ 14-121-1104. Authority to merge
§ 14-121-1105. Merger procedure
§ 14-121-1106. Board of directors for merged districts
§ 14-121-1107. Powers of board of directors
§ 14-121-1108. Merger and use of assets — Prior liabilities and obligations