393.948. Nonprofit water company law construed liberally, may elect to follow certain corporate laws in articles of incorporation.
Nonprofit water company law construed liberally, may elect to followcertain corporate laws in articles of incorporation.
393.948. Sections 393.900 to 393.951 shall be construed liberally. Theenumeration of any object, purpose, power, manner, method or thing shall notbe deemed to exclude like or objects, purposes, powers, manners, methods orthings. To the extent that sections 393.900 to 393.951 do not speak to anissue, the provisions applicable to mutual benefitnot-for-profit corporations or limited liability companies, as the nonprofitwater company may elect in its articles of incorporation, which are notinconsistent with the provisions of sections 393.900 to 393.951 shall apply tononprofit water companies.
(L. 1999 H.B. 450 § 17 merged with S.B. 160 & 82 § 17)