§ 56042
59 words·~1 min read·
/ca/government-code/56042A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
“Inactive district” means a special district that meets all of the following:
(a)The special district is as defined in Section 56036.
(b)The special district has had no financial transactions in the previous fiscal year.
(c)The special district has no assets and liabilities.
(d)The special district has no outstanding debts, judgments, litigation, contracts, liens, or claims.