Water districts; allow for dissolution and reorganization as association.

SB 2786 allows Mississippi water districts to dissolve if a majority of landowners (excluding state-owned lands) sign and file a petition with the local court. The court would then publish a notice for three weeks, hold a hearing, and decide whether dissolution serves the landowners' best interests. If approved, the district dissolves, and its commissioners may reorganize as a water association under Mississippi's nonprofit corporation law. The bill also updates related rules for handling the district's assets and liabilities during dissolution.