A receiver has no power to dispose of any part of the property of the district except in the ordinary course of business. The authority of a receiver is limited to the operation and maintenance of the district.
Cal. Water Code § 36366
Action to Secure Payment of Revenue Bonds
Known as the California Water District Law
The act spans §§ 34000–38501 (855 sections).
Added by Stats. 1951, Ch. 390.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.