California Law (Last Updated: March 4, 2014) |
Corporations Code - CORP |
Title 1. CORPORATIONS |
Division 3. CORPORATIONS FOR SPECIFIC PURPOSES |
Part 7. GENERAL PROVISIONS APPLICABLE TO CERTAIN CORPORATIONS |
Chapter 2. Mutual Water Companies Formed in Connection With Subdivided Lands |
Section 14311.
Latest version.
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A mutual water company formed on or after January 1, 1998, in connection with the offering for sale or lease, or with the sale or lease, of lots within a subdivision and organized to sell, distribute, supply, or deliver water for domestic use to owners of lots in the subdivision shall meet all the requirements of this chapter. A mutual water company described in this section and formed before January 1, 1998, may elect to meet all the requirements of this chapter.
(Added by Stats. 1997, Ch. 598, Sec. 3. Effective January 1, 1998.)