10-2-816. Bonds not affected by annexations -- Payment of property taxes.
(1) An annexation under this part may not jeopardize or endanger any general obligation or revenue bond.
(2) A bondholder may require the payment of property taxes from any area that: was included in the taxable value of the municipality or other governmental entity issuing the bond at the time the bond was issued; and is no longer within the boundaries of the municipality or other governmental entity issuing the bond due to an annexation.