ABSTRACT
Water corporations exist for many different reasons, and their powers often vary based on their purpose. Some corporations are created by statute to serve some public function or benefit, while others are created to resolve disputes, provide easier access to water, or allocate water rights in the possession of the corporation in accordance with shares of corporate stock. It sometimes occurs that existing rights are deeded to the corporation in exchange for shares. Some farmers who already possess water rights may go to the corporation in order to change the mode of delivery. In such a case they will usually retain their original rights in the form of shares, and the corporation would construct ditches and other structures to promote greater efficiency. There is no set formula for water corporations, and most are defined either by statute or by their charter.
