New South Wales Consolidated Acts

CENTRAL COAST WATER CORPORATION ACT 2006 - SECT 7

7 Share capital, shares and shareholders

(cf State Owned Corporations Act 1989 , section 20H)

(1) The Corporation is to have a share capital and shares as provided in its constitution.

(2) The shareholders are to be the constituent councils.

(3) Each shareholder must at all times have an equal number of shares in the Corporation.

(4) Each shareholder must at all times be entitled to rights equal to those to which the other shareholder is entitled.