North Dakota Statutes

§ 61-35-23 — Disposition of assets

North Dakota § 61-35-23
JurisdictionNorth Dakota
Title 61Waters
Ch. 61-35Water Districts

This text of North Dakota § 61-35-23 (Disposition of assets) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.D. Cent. Code § 61-35-23 (2026).

Text

If a district is dissolved, the department of water resources shall provide for the disposition of any property owned by the district and for the apportionment of the proceeds and any other moneys belonging to the district to an adjoining district. If there is no adjoining district, the department shall apportion and dispose of the property and proceeds to the general fund of each county in the district in proportion to the county's area in the district. Any pledge or lien given with respect to any outstanding bonds of the district remains and any property so encumbered must be handled in conformity with the bond resolution or trust indenture. Money, property, or the proceeds from property may not be distributed to any private interests.

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Bluebook (online)
North Dakota § 61-35-23, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/61-35-23.