As used in this chapter:

1. (1) "Corporation" means a nonprofit corporation or a profit corporation.
2. (2) "Nonprofit corporation" means a nonprofit corporation as defined in Section 16-6a-102.
3. (3) "Profit corporation" means a corporation as defined in Section 16-10a-102.

4. (4) "Share" means a share as defined in:

   1. (a) Section 16-6a-102 for a nonprofit corporation; and
   2. (b) Section 16-10a-102 for a profit corporation.
5. (5) "Water company" means a corporation in which a shareholder has the right, based on the shareholder's shares, to receive a proportionate share of water delivered by the corporation.

Amended by Chapter 249, 2008 General Session