48-823. Disposition of assets on consolidation of fire districts
A. If fire districts established under this article are consolidated, all the equipment, assets and liabilities of the affected districts that have requested consolidation shall be transferred to and become the property of the consolidated fire district.
B. All assets and liabilities and all books and records belonging to the fire fighters' relief and pension fund of the fire districts that requested consolidation shall be transferred to and become the property of the consolidated district.
C. On consolidation of fire districts pursuant to section 48-822, the fire districts that requested consolidation are dissolved by operation of law and no longer exist. The district that requested consolidation may continue to operate temporarily under the authority of the consolidated district for purposes of transition.
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