2006 Utah Code - 17A-2-767 — Default of district -- Court procedure.

     17A-2-767.   Default of district -- Court procedure.
     If, after the issuance and sale of bonds, warrants, or other evidence of debt by any irrigation district, such district for any reason becomes insolvent, and fails to maintain a board of trustees, or other organization as herein provided, and for more than two years fails to pay its bonded indebtedness, or interest thereon, or its other indebtedness, after the same becomes due and payable, the district court of the county wherein such irrigation district, or the major portion thereof, is situate, shall, by virtue of its general equity powers, have jurisdiction to appoint a commissioner to take charge of the property of such irrigation district, sell and dispose of the same for the benefit of creditors and close the affairs of the district under the orders and directions of the district court.

Amended by Chapter 254, 2000 General Session