The court must render a judgment decreeing the dissolution of a municipality if:
(1) The referee reports that:
- (a) At the time the petition for dissolution is filed, the population of the municipality is less than two hundred fifty; and
- (b) The petition has been executed by property owners owning more than one-half of the real property within the municipality, both in area and in assessed valuation; and
- (2) The court determines it is in the best interests of the municipality and the property owners that the municipality be dissolved.
Source: SL 1903, ch 91 , § 3; RC 1919, § 6568; SDC 1939, § 45.3004; SL 2025, ch 38 , § 6.