California Public Utilities Code 40617 – Upon the completion of such consolidation procedure, the Orange …
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Upon the completion of such consolidation procedure, the Orange County Transit District shall be deemed to be dissolved. Thereafter, all property and assets of the district which are not subject to the negotiated contract pertaining to consolidation shall be distributed to the County of Orange.
(Added by Stats. 1965, Ch. 1899.)
Terms Used In California Public Utilities Code 40617
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Contract: A legal written agreement that becomes binding when signed.
- County: includes city and county. See California Public Utilities Code 18