16-6a-119. Execution against a mutual benefit corporation.
(1) As used in this section: "Judicial lien" means one or more of the following: a judgment lien; or other lien obtained by a judicial or equitable process or proceeding. "Water right" means: a right to use water evidenced by a means identified in Section; or 73-1-10 a right to use water under an approved application: to appropriate; for a change of use; or for the exchange of water. "Water rights and related assets" means a water right or title to: a water conveyance facility; or other asset of a mutual benefit corporation necessary to divert or distribute water to its members.
(2) Except as provided in Subsection, a court may not do the following with regard to a judicial lien recorded on or after May 12, 2009 against the water rights and related assets of a mutual benefit corporation earlier than 180 days after the day on which the judicial lien is recorded or takes effect: (3) execute the judicial lien; impose a levy as a result of the judicial lien; or force the sale, transfer, or change in ownership of the water rights and related assets pursuant to the judicial lien.
(3) This section does not apply to a judicial lien related to a cause of action brought against a mutual benefit corporation by a shareholder under Section. 73-3-3.5