§ 15.1-12-18 — School district reorganization - Approval of plan - Effective date - Transfer of all property

of all property.
A reorganization plan takes effect on the first day of July following its approval by the voters.
Within thirty days from the effective date of the reorganization, personnel from school districts
incorporated in whole or in part into a reorganized district shall turn over to the board of the
reorganized district all property and assets as required by the approved reorganization plan.
Unless otherwise provided, debts, obligations, and liabilities of the districts or parts of districts
incorporated into the reorganized district become the debts, obligations, and liabilities of the
reorganized district.