Nothing contained in this chapter shall impair the rights of creditors of an improvement district participating in the consolidation, and each creditor may enforce against and through the consolidated improvement district all the creditor’s rights against any improvement district participating in the consolidation in the same manner and with the same effect, except for the substitution of the consolidated improvement district for the improvement district participating in the consolidation, as if the consolidation had never been effected.
Cal. Water Code § 72741.1
Consolidation of Improvement Districts
Known as the Municipal Water District Law
The act spans §§ 71000 to 73001 (528 sections).
Added by Stats. 1986, Ch. 555, Sec. 4
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.