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2001 SESSION
SB 803 Corporations; water and sewer utilities.
Introduced by: W. Roscoe Reynolds | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED SENATE:
Corporations; water and sewer utilities. Provides that property owners’ associations that are water and sewer utilities may maintain common areas, and this shall be deemed related or incidental to its stated business as a public service company. The bill also permits nonstock corporations to engage in the business of a water utility.
SUMMARY AS INTRODUCED:
Corporations; water and sewer utilities. Provides that property owners’ associations that are water and sewer utilities may maintain common areas, and this shall be deemed related or incidental to the business of the association. The bill also permits nonstock corporations to engage in the business of a water utility.