California Government Code 56056 – “Merger” means the termination of the existence of a district when …
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“Merger” means the termination of the existence of a district when the responsibility for the functions, services, assets, and liabilities of that district are assumed by a city as a result of proceedings taken pursuant to this division.
(Amended by Stats. 2011, Ch. 300, Sec. 44. (AB 1430) Effective January 1, 2012.)
Terms Used In California Government Code 56056
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- City: includes "city and county" and "incorporated town" but does not include "unincorporated town" or "village. See California Government Code 20
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.