California § 57456. 57456. (Added by Stats. 1985, Ch. 541, Sec. 3.)

California Statutes

§ 57456. — 57456. (Added by Stats. 1985, Ch. 541, Sec. 3.)

California § 57456.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.3.

Title 5.DIVISION 3. CORTESE-KNOX-HERTZBERG LOCAL GOVERNMENT REORGANIZATION ACT OF 2000

Part 5.PART 5. TERMS AND CONDITIONS AND EFFECT OF A CHANGE OF ORGANIZATION OR REORGANIZATION

Ch. 6.CHAPTER 6. Effect of Dissolution

This text of California § 57456. (57456. (Added by Stats. 1985, Ch. 541, Sec. 3.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Government Code - GOV Code § 57456. (2026).

Text

(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 any of the remaining assets of the dissolved district in the manner provided in Section 57457.

(b)“Short-term obligations,” as used in subdivision (a), includes all amounts which shall be due and payable, prior to the end of the fiscal year commencing next after the effective date of dissolution, upon any outstanding bonds, including revenue bonds, and other contracts or obligations of the dissolved district. All other obligations shall be long-term obligations.

Free access — add to your briefcase to read the full text and ask questions with AI

(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 any of the remaining assets of the dissolved district in the manner provided in Section 57457.
(b)
“Short-term obligations,” as used in subdivision (a), includes all amounts which shall be due and payable, prior to the end of the fiscal year commencing next after the effective date of dissolution, upon any outstanding bonds, including revenue bonds, and other contracts or obligations of the dissolved district. All other obligations shall be long-term obligations.

Legislative History

Added by Stats. 1985, Ch. 541, Sec. 3. Effective September 9, 1985. Operative January 1, 1986, by Sec. 5 of Ch. 541.

View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)

California § 57456., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/57456..