16-4-102 - Definitions.
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 Section16-6a-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 onthe 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