US Lawyer Database

Section 42-2213 – ACCUMULATED SURPLUS FUNDS — INVESTMENT.

42-2213. ACCUMULATED SURPLUS FUNDS — INVESTMENT. When any corporation organized for the operation, control or management of an irrigation project or canal system, or for the purpose of furnishing water to its shareholders and not for profit or hire, shall have accumulated, out of assessment funds or otherwise, reasonable reserves for emergency, contingent or non-recurring […]