California Public Utilities Code 106011 – On and after July 1, 2010, the agency is dissolved and the district …
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On and after July 1, 2010, the agency is dissolved and the district succeeds to, and is vested with, all of the rights, powers, duties, and obligations of the agency. The district is the successor to the agency’s interests in any property, its rights and obligations under any contract, any outstanding indebtedness of the agency, and its rights under any grants, without the necessity of any further action.
(Added by Stats. 2009, Ch. 460, Sec. 1. (AB 644) Effective January 1, 2010.)
Terms Used In California Public Utilities Code 106011
- Agency: means the Monterey-Salinas Transit Joint Powers Agency, a joint exercise of powers agency. See California Public Utilities Code 106001
- Contract: A legal written agreement that becomes binding when signed.
- District: means the Monterey-Salinas Transit District created by Section 106010. See California Public Utilities Code 106001