2011 California Code
Corporations Code
TITLE 1. CORPORATIONS [100 - 14551]
CHAPTER 2. Mutual Water Companies Formed in Connection With Subdivided Lands
Section 14310
(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.
(b) For purposes of this chapter, the use of the term subdivision has the same definition as subdivision as defined in Sections 11000 and 11004.5 of the Business and Professions Code.
(Added by Stats. 1997, Ch. 598, Sec. 3. Effective January 1, 1998.)
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