20-6-416. No cash disposition when territory transferred. Whenever only a portion of the territory of one district is transferred to another district, all cash and debts, other than bonded indebtedness, shall be retained by the district originally realizing the cash or debt.
History: En. 75-6535 by Sec. 194, Ch. 5, L. 1971; R.C.M. 1947, 75-6535.
Structure Montana Code Annotated
Part 4. School District Reorganization
20-6-410. Tenure protected -- hiring preference for employees
20-6-411. Bonded indebtedness to remain with original territory except when assumed by election
20-6-412. Property tax valuation after district boundary change
20-6-413. Cash disposition when district ceases to exist -- special levy for tuition debt
20-6-414. Cash disposition when districts consolidated
20-6-416. No cash disposition when territory transferred
20-6-417. Property disposition when district boundaries changed
20-6-418. Surrender of records when district ceases to exist
20-6-419. and 20-6-420 reserved
20-6-421. Conditions for district annexation