Water distribution property owned by nonprofit corporation or cooperative association.
The following property shall be exempt from taxation:
All property, whether real or personal belonging to any nonprofit corporation or cooperative association and used exclusively for the distribution of water to its shareholders or members.
NOTES:
Effective date—1965 ex.s. c 173: See note following RCW 82.04.050.
Severability—1965 ex.s. c 173: See note following RCW 82.98.030.