A. Districts may be dissolved by an order of the board of directors of the district or dissolved in the same manner as they were initiated. After an order of the board has been made dissolving a district, the board of supervisors shall succeed to all the powers of the district until the obligations and disposal of district assets have been fully satisfied.

Terms Used In Arizona Laws 48-410

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • District: means a pest control district established pursuant to the provisions of this article and includes the governing body of the district and all its authorized personnel. See Arizona Laws 48-401
  • Property: includes both real and personal property. See Arizona Laws 1-215
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.

B. If any funds remain in the district fund after dissolution and satisfaction of all outstanding obligations and sale of district property, the remainder shall be credited to each owner of property in the former district in proportion to the assessment last paid by him.

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