California Corporations Code

§ 14310

CORP § 14310 Effective Jan 1, 1998Div. 3 · Title 1 · Part 7 · Ch. 2

Statute text

(a)It is the intent of the Legislature to ensure both of the following:

(1)That when a mutual water company is formed or is about to be formed in connection with a subdivision, as defined in Sections 11000 and 11004.5 of the Business and Professions Code, an adequate potable water supply and distribution system exists for domestic use and fire protection.

(2)That adequate disclosure and protection to the security holders exist with respect to rights and duties arising from their security holdings in a mutual water company.

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Legislative history

Added by Stats. 1997, Ch. 598, Sec. 3. Effective January 1, 1998.