Sec. 862.
Within 20 days after the effective date of a consolidation the board of each of the original school districts shall account to the board of the consolidated school district for all records, funds, and property belonging to the original school district and shall turn over the same to the board of the consolidated school district. Upon receipt of records, funds, and property by the board of the consolidated school district, the officers of the original school districts shall be released from liability therefor and their offices terminated.
History: 1976, Act 451, Imd. Eff. Jan. 13, 1977 Popular Name: Act 451
Structure Michigan Compiled Laws
Chapter 380 - The Revised School Code
Act 451 of 1976 - The Revised School Code (380.1 - 380.1853)
Article 2 - (380.805...380.1644)
451-1976-2-9 - Part 9 Consolidation of School Districts (380.851...380.871)
Section 380.851 - Consolidation of School Districts to Form Single School District.
Section 380.855 - Canvass of Petitions; Purpose; Determining Validity of Signatures.
Section 380.858 - Election Notices.
Section 380.862a - Repealed. 1995, Act 289, Eff. July 1, 1996.
Section 380.871 - Expired. 1976, Act 451, Eff. Jan. 1, 1978.