CHAPTER 6. Effect of Dissolution
Chapter 6 added by Stats. 1985, Ch. 541, Sec. 3.
§§ 57450–57463 · 14 sections
- § 57450 On and after the effective date of the dissolution of a district, the district shall be dissolved, disincorporated, and extinguished, its existence shall be…
- § 57451 For the purpose of winding up the affairs of a dissolved district, the successor of the dissolved district shall be determined as follows: (a) If the territory…
- § 57452 Upon the effective date of dissolution control over all of the moneys or funds, including cash on hand and moneys due but uncollected, and all property, real…
- § 57453 For the sole and exclusive purpose of winding up the affairs of the dissolved district, the successor and the officers and legislative body of the successor…
- § 57454 No inhabitant, property owner, taxpayer, consumer, or user within the territory of a dissolved district shall be entitled to either of the following: (a) All…
- § 57455 Any moneys and funds of the dissolved district and any moneys or funds received by the successor from the sale or other disposition of any property, real or…
- § 57456 (a) When the successor determines that payment, or provision for payment, has been made of all short-term obligations of the dissolved district, the successor…
- § 57457 Remaining assets of the dissolved district shall be distributed by the successor as follows: (a) If the territory of the dissolved district is located entirely…
- § 57458 Until payment, or provision for payment, has been made of all principal, interest, and any other amounts owing on account of any outstanding long-term…
- § 57459 Until payment, or provision for payment, has been made of all principal, interest, and any other amounts owing on account of any outstanding bonds, contracts,…
- § 57460 If at the time of distribution more than one city or county or any combination of cities or counties are entitled to distribution of portions of a…
- § 57461 Where any bonds, contracts, or other obligations which are payable in whole or in part from the revenues of a revenue-producing enterprise are outstanding upon…
- § 57462 Any funds, money, or property of a dissolved district which have been impressed with any public trust, use, or purpose shall continue to be so impressed until…
- § 57463 Subject to the provisions of Section 57462, any funds, money, or property of a dissolved district may be used by the successor for the purpose of winding up…