Revised Code of Washington - RCW Title 87 Irrigation - Section 87.56.160 Liquidation -- Assessments to pay remaining debts

§ 87.56.160. Liquidation -- Assessments to pay remaining debts

In the execution of a plan of liquidation, the court shall have authority to order the sale of any or all of the district property or the exchange of any of the district property for any evidence of district indebtedness in accordance with the rights of the district and of all the creditors concerned, and if upon the exhaustion of the district property in the payment of the district indebtedness including the costs of dissolution and receivership proceedings, any district indebtedness remain undischarged, the court shall have authority to order district assessments against the lands included within the operation of the district to continue to be made in accordance with the rights of the persons interested in the manner provided by law to pay the remaining indebtedness until sufficient revenue has been raised to pay fully all the obligations of the district.

[1925 ex.s. c 124 § 21; RRS § 7543-21.]

Notes:
Assessments, levies: RCW 87.03.240 through 87.03.305. Sections:  Previous  87.56.020  87.56.030  87.56.040  87.56.050  87.56.060  87.56.065  87.56.100  87.56.160  87.56.170  87.56.180  87.56.190  87.56.200  87.56.203  87.56.205  87.56.210  Next

Last modified: April 7, 2009