KRS 262.570: Effect of discontinuance.

Upon issuance of a certificate of dissolution under KRS 262.560, all ordinances and

regulations theretofore adopted and in force within those districts shall be of no further

force and effect. All contracts theretofore entered into, to which the district i s a party,

shall remain in force and effect for the period provided in those contracts. The

commission shall be substituted for the district as a party to such contracts. The

commission shall be entitled to all benefits and subject to all duties and liabil ities under

such contracts which the board would have had. The dissolution shall not affect the lien

of any judgment entered under KRS 262.440 or 262.450, nor the pendency of any action

instituted under KRS 262.430, and the commission shall succeed to all the rights and

obligations of the board as to those liens and actions.