7-22-2447. Decision on petition for dissolution. The commissioners shall enter upon their minutes an order dissolving such district if, upon the hearing provided for in 7-22-2446, the commissioners find:
     (1) such petition to be sufficient;
     (2) that the district is not indebted in any amount beyond the funds immediately available to extinguish all of its debts and obligations; and
     (3) that there is good reason for the dissolution of such district.

     History: En. Sec. 11, Ch. 183, L. 1953; amd. Sec. 8, Ch. 337, L. 1973; amd. Sec. 6, Ch. 399, L. 1975; R.C.M. 1947, 16-4211(part).