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Committee backs technical fix distinguishing water company shares from water rights (HB 494)
Utah Legislature - Natural Resources/Water Committee · February 12, 2026
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Summary
State engineer and Farm Bureau representatives described HB 494 as a technical clarification moving share‑transfer rules to corporate code and clarifying recordkeeping of ownership in canal companies; the committee recommended the bill favorably.
Theresa Wilhelmsen, Utah State Engineer and Director of the Division of Water Rights, presented HB 494 as a technical measure that grew from litigation and interim task‑force work. The bill clarifies that ownership of canal company shares (corporate…
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