Section 57461 Of Chapter 6. Effect Of Dissolution From California Government Code >> Division 3. >> Title 5. >> Part 5. >> Chapter 6.
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 the effective date of dissolution,
the successor, prior to distribution, or any city or county, after
distribution, shall succeed to all rights and liabilities of the
dissolved district under any ordinance, resolution, or indenture
authorizing the bonds, contracts, or other obligations or providing
for the issuance of the bonds, contracts, or other obligations and
may sue or be sued upon those rights and liability in the same manner
and to the same extent as the dissolved district.