Assumption of existing indebtedness

  1. Law
  2. Mississippi Code
  3. Counties and County Officers
  4. Health, Safety and Public Welfare
  5. Involving Property, Assets, and Merger of Nonprofit, Nonshare Corporations Chartered for Rural Waterworks or Sewage Disposal System Purposes, and of Utility Districts
  6. Assumption of existing indebtedness

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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.


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