North Dakota Code 61-13-01 – Corporations or limited liability companies may be organized for irrigation purposes
Current as of: 2023 | Check for updates
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A corporation or limited liability company may be formed for the purpose of acquiring water rights, or for the purpose of establishing, owning, leasing, operating, and maintaining an irrigation system and selling, distributing, supplying, and delivering water for irrigation purposes, or for domestic use, to its members or stockholders.
Terms Used In North Dakota Code 61-13-01
- 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.