Majority vote for dissolution of irrigation district--Notice by board of directors to creditors of district--Settlement of claims

If a majority of the votes shall be "For dissolution, Yes," then the board of directors shall immediately notify all persons having claims against the district of the result of such election, and may proceed to adjust, settle, and compromise any and all such claims, in whatever form the indebtedness of such district may be. Source: SDC 1939, § 61.0848; SDCL, § 46-12-81.