Arkansas Code
Subchapter 3 - Modification or Dissolution
§ 14-95-303. Dissolution — Combination of service district

Dissolution or any combination of service districts shall provide for the following:
(1) The transfer or other disposition of property and other rights, claims, and assets of the district;
(2) The payment of all obligations from the resources of the district;
(3) The payment of all costs of abolishing or combining a district from the resources of the districts involved;
(4) The honoring of any bonds, debt, contract, obligation, or cause of action accrued or established under the urban service district;
(5) The provision for the:
(A) Equitable disposition of the assets of the district;
(B) Adequate protection of the legal rights of employees of the district; and
(C) Adequate protection of the legal rights of creditors; and

(6) The transfer of all property and assets to the jurisdiction of the city or town.

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