Mississippi HB1452 authorizes the dissolution of certain utility districts by chancery court order if a majority of landowners petition for.
Mississippi HB1452 amends the Mississippi Code to allow certain utility districts to dissolve when a majority of landowners petition for dissolution. The bill specifies that the chancery court or chancellor will hear the petition and decide if dissolution is in the best interest of the landowners. If dissolution is ordered, the district will be dissolved, and its assets and liabilities will be handled according to the court's decree. The bill also outlines procedures for the dissolution of nonprofit, nonshare corporations and the incorporation of water associations.
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