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What is a conservancy?

What is a conservancy? Here are some definitions.

Noun
  1. The conservation of a resource
  2. An organization dedicated to the conservation of natural resources
  3. (Britain) A commission that deals with fishery and navigation
  4. (US, law) A state in which a company is allowed to continue trading without incurring any new financial liabilities or disposing of any assets
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Examples
Suitable sites for putting up sheds and necessary arrangements for conservancy, lighting and general sanitation of the health camp were made.
Gradually, with the support of the conservancy, backyard efforts initiated by people with a passion for a particular breed began to appear.
The Economic Affairs Minister said that public investment in water conservancy is necessary, even if it means increasing public debt.
After 1953, the conservancy became a joint project of the French and Cambodian Governments.
Its conservancy of freely available information includes software, music, literature, art, history and philosophy.
Noted for its conservancy of wildflowers, this museum southwest of Philadelphia features the art of the Wyeth family.

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