2006 Utah Code - 16-4-24 — Irrigation companies -- Assessments -- Other than pro rata basis.

     16-4-24.   Irrigation companies -- Assessments -- Other than pro rata basis.
     Any irrigation company, canal company, ditch company, reservoir company or water users' association hereafter organized under the laws of this state shall have the power to make assessments against its shares of stock on other than a pro rata basis for the purpose of raising funds to accomplish the purpose or purposes for which organized or to pay its debts or obligations when the articles of incorporation so permit.
     The provisions of this section shall also apply to any irrigation company, canal company, ditch company, reservoir company or water users' association heretofore organized the articles of incorporation of which now expressly so permit assessments to be made on other than a pro rata basis or to any irrigation company, canal company, ditch company, reservoir company, or water users' association heretofore or hereafter organized when required to make assessments on other than a pro rata basis under existing or future contract or contracts between the United States and any such company or water users' association or between the United States and stockholders of any such company or water users' association or between any such company or water users' association and its stockholders or when required by any contract of subscription for shares of stock to any such company or water users' association so contracting with the United States or under present or future laws or regulations of the United States.

No Change Since 1953