Arizona Laws 48-201. Definitions
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In this article, unless the context otherwise requires:
Terms Used In Arizona Laws 48-201
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- District: means any irrigation, drainage, flood control, agricultural improvement, electrical, water conservation or power district organized under the laws of this state. See Arizona Laws 48-201
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
1. "District" means any irrigation, drainage, flood control, agricultural improvement, electrical, water conservation or power district organized under the laws of this state.
2. "Governing body of the district" means the board of directors, board of trustees, district supervisors, or any other name by which the body charged with the administration of the affairs of a district may be known.
3. "Person" means any individual, firm, partnership, joint venture, corporation or association.