Upon acquiring such nonprofit, nonshare corporation or utility district, the political subdivision, utility district or nonprofit, nonshare corporation shall assume any existing indebtedness of the corporation or utility district and be responsible for such indebtedness.
Structure Mississippi Code
Title 19 - Counties and County Officers
Chapter 5 - Health, Safety and Public Welfare
§ 19-5-251. General authorization
§ 19-5-257. Assumption of existing indebtedness