43-2104. APPROVAL OF REHABILITATION PLAN BY CREDITORS. The plan so approved by the board of directors shall thereupon be submitted to the known creditors of the district directly affected thereby, in such manner as to the board may seem appropriate and practical under the circumstances. The approval of such plan by creditors shall be in writing filed with the secretary of the board, and such approval shall be irrevocable if approved by a majority in amount of each class of creditors directly affected thereby, within the time specified in such plan.
History:
[43-2104, added 1933, ch. 174, sec. 4, p. 316.]
Structure Idaho Code
Title 43 - IRRIGATION DISTRICTS
Section 43-2101 - BANKRUPT DISTRICTS — FINANCIAL STATEMENT — CONTENTS.
Section 43-2102 - CERTIFIED COPIES OF FINANCIAL STATEMENT — FILING.
Section 43-2103 - REHABILITATING OR REFINANCING PLANS.
Section 43-2104 - APPROVAL OF REHABILITATION PLAN BY CREDITORS.
Section 43-2106 - NATURE OF PROCEEDINGS.
Section 43-2107 - PUBLICATION OF NOTICE — CONTENTS.
Section 43-2109 - HEARING — PROCEDURE — CREDITORS — PROOF OF OWNERSHIP OF BONDS.
Section 43-2110 - APPROVAL OF PLAN BY COURT — RIGHTS OF DISSENTING CREDITORS.
Section 43-2111 - HARMLESS ERROR — APPEALS.
Section 43-2112 - METHOD OF RAISING FUNDS OR ISSUING FUNDS OR OTHER SECURITIES.