(1) Dissolution of a district may be initiated:
(a) By a petition of the electors requesting dissolution of the district, filed with the county board.
(b) By resolution of the district board filed with the county board when the district board determines that it is in the best interest of the inhabitants of the district that the district be dissolved and liquidated.
(c) By resolution of the county board:
(A)(i) If the district at the time of the regular district election has not elected district board members, as required by the principal Act, to fill vacancies on the district board; or
(ii) If the territory within the district is uninhabited; and
(B) If the county board determines that it is in the best interest of the people of the county that the district be dissolved and liquidated.
(2) Within five days after a petition is filed or a resolution of a county board is adopted under this section, a copy shall be filed with the district secretary, if any, or with any other district officer who can with reasonable diligence be located.
(3) If there are no qualified district board members, the county board shall act as or appoint a board of trustees to act in behalf of the district.