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Section 19-5-257 - Assumption of existing indebtedness — Mississippi Law | CourtGPT
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  5. Chapter 5 - Health, Safety and Public Welfare in General (§§ 19-5-1 — 19-5-105)/
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  7. Section 19-5-257 - Assumption of existing indebtedness
Mississippi Legal Code

Section 19-5-257 - 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.Laws, 1974, ch. 457, § 3, eff. 3/26/1974.