Section 60449 Of Chapter 3. Disincorporation From California Water Code >> Division 18. >> Part 7. >> Chapter 3.

. It is the intent of the Legislature that no district shall be disincorporated until all bonded indebtedness shall have been fully paid, and by the word "indebtedness" as used herein is meant all indebtedness other than said bonded indebtedness unless the latter is expressly used.