§ 16-4-102. Definitions.

Latest version.

As used in this chapter:

(1) "Corporation" means a nonprofit corporation or a profit corporation.

(2) "Nonprofit corporation" means a nonprofit corporation as defined in Section 16-6a-102.

(3) "Profit corporation" means a corporation as defined in Section 16-10a-102.

(4) "Share" means a share as defined in:

(a) Section 16-6a-102 for a nonprofit corporation; and

(b) Section 16-10a-102 for a profit corporation.

(5) "Water company" means a corporation in which a shareholder has the right, based on the shareholder's shares, to receive a proportionate share of water delivered by the corporation.

Amended by Chapter 249, 2008 General Session
Amended by Chapter 250, 2008 General Session

                    
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