Utah § 73-11-2 Reserve stock for irrigating trust lands -- Sell or lease excess stock.

Utah Statutes

§ 73-11-2 — Reserve stock for irrigating trust lands -- Sell or lease excess stock.

Utah § 73-11-2

Title 73Water and Irrigation

Ch. 73-11Consolidation of Water Companies and Conservation Districts

This text of Utah § 73-11-2 (Reserve stock for irrigating trust lands -- Sell or lease excess stock.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 73-11-2 (2026).

Text

The School and Institutional Trust Lands Administration shall have power, and it shall be its duty:

(1)in the event the merger and consolidation is effected, to reserve and hold an amount of the capital stock of the consolidated corporation as will supply a water right for all lands owned by the state and capable of irrigation from the canals, ditches, or distribution system of the consolidated corporation; and

(2)to sell or lease all excess stock upon such terms as it may consider best to persons owning land capable of being irrigated from the canals, ditches, or distributing system of the consolidated corporation.

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The School and Institutional Trust Lands Administration shall have power, and it shall be its duty:
(1) in the event the merger and consolidation is effected, to reserve and hold an amount of the capital stock of the consolidated corporation as will supply a water right for all lands owned by the state and capable of irrigation from the canals, ditches, or distribution system of the consolidated corporation; and
(2) to sell or lease all excess stock upon such terms as it may consider best to persons owning land capable of being irrigated from the canals, ditches, or distributing system of the consolidated corporation.