Cal. Wat. Code § 72741.1

Current through the 2023 Legislative Session.
Section 72741.1 - No impairment of rights of creditors of improvement district participating in consolidation

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.

Ca. Water Code § 72741.1

Added by Stats. 1986, Ch. 555, Sec. 4. Effective August 22, 1986.