51-7-41 - Requirements for dissolution.
§ 51-7-41. Requirements for dissolution.
Any master water management district which has no unmatured bonded indebtedness, and which has constructed no works of improvement or projects as set forth herein or which has completed all purposes for which it was created, may be dissolved by the chancery court which organized said district in the manner hereinafter provided, but the proceedings for its dissolution shall not be commenced within three years after the date of organization of such district.
Sources: Codes, 1942, § 5956-114; Laws, 1960, ch. 175, § 14, eff from and after passage (approved May 10, 1960).