Terms Used In Kansas Statutes 82a-635

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• 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 a rural water district organized pursuant to this act;

  (b) "board" means the governing body of a district;

  (c) the terms "board of county commissioners" and "county clerk" shall mean, respectively, the board of county commissioners and county clerk of the county in which the greatest portion of the territory of any existing or proposed rural water district is located;

  (d) "participating member" means an individual, firm, partnership, association or corporation and:

  (1) Which has subscribed to one or more benefit units of such district; or

  (2) which is charged a franchise fee for water service which is paid, either directly or indirectly through another water provider, to such district;

  (e) "chief engineer" means the chief engineer of the division of water resources, Kansas department of agriculture. See Kansas Statutes 82a-612

• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.