California Government Code CHAPTER 6 - Effect of Dissolution

• Section 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 terminated,...
• Section 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...
• Section 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...
• Section 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...
• Section 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 or any...
• Section 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...
• Section 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 shall distribute...
• Section 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 within the...
• Section 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 obligations,...
• Section 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,...
• Section 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...
• Section 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...
• Section 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...
• Section 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...

Last modified: October 22, 2018