Section 57453 Of Chapter 6. Effect Of Dissolution From California Government Code >> Division 3. >> Title 5. >> Part 5. >> Chapter 6.
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 have the same powers and duties as
the dissolved district and the officers and legislative body of the
dissolved district and all of the following additional powers and
duties:
(a) To exchange, sell, or otherwise dispose of all property, real
and personal, of the dissolved district.
(b) To compromise and settle claims of every kind and nature.
(c) To sue or be sued in the same manner and to the same extent as
the dissolved district and the officers and legislative body of the
dissolved district.
These powers and duties shall commence upon the effective date of
dissolution and shall continue thereafter until the time when the
affairs of the dissolved district have been completely wound up.