16-4-102. Definitions.
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16-4-102. Definitions.
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