1. A fire protection district organized pursuant to NRS 474.460 or 474.533 may reorganize as a district created wholly or in part for the purpose of furnishing fire protection facilities pursuant to chapter 318 of NRS. 2. The reorganization may be initiated by: (a) A petition signed by a majority of the owners of property located within the district; or (b) A resolution of the board of county commissioners of the county in which the district is located. 3. If the board of county commissioners determines, after notice and hearing, that the reorganization is feasible and in the best interests of the county and the district, the board of county commissioners shall adopt an ordinance reorganizing the district pursuant to chapter 318 of NRS. 4. All debts, obligations, liabilities and assets of the former district must be assumed or taken over by the reorganized district.
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