***** 388.692 THIS SECTION IS SUBJECT TO CONDITIONAL EXPIRATION: See 388.693 *****
Sec. 12.
The boards of education of any district which lose identity shall turn over their books, records, funds and property to the new board within 10 days after the effective date of the reorganization. If any existing district is divided, the intermediate district board, or boards, shall specify the division of assets and liabilities.
History: 1964, Act 289, Eff. Aug. 28, 1964
Structure Michigan Compiled Laws
Chapter 388 - Schools and School Aid
Act 289 of 1964 - Reorganization of School Districts (388.681 - 388.693)
Section 388.681 - Reorganization of School Districts; Definitions.
Section 388.684 - School District Reorganization Program; Surveys, Approval of Proposals, Reports.
Section 388.687 - Optional Election Methods for Adoption of Reorganization Plans; Conduct.
Section 388.688 - Classification of Districts Formed.
Section 388.689 - Consolidation, Annexation or Division of Districts.
Section 388.690 - School Aid; Apportionment.
Section 388.691 - Board of Education of Newly-Formed District.
Section 388.692 - Board of Education of District Losing Identity; Records, Property.