HB12-1010 passes the general assembly: The bill amends the procedure for replacing lost ditch stock certificates


From email from the Ditch and Reservoir Company Association (John McKenzie):

The General Assembly of the State of Colorado passed HB 12-1010 in March and it was signed by the Governor on 3/15/12. This legislation amends the procedure for replacing lost ditch stock certificates. Prior to this change in the statute, an owner of a lost certificate had to wait three years before a ditch company could issue a replacement certificate. The new bill eliminates the three year waiting period. It takes effect on August 8, 2012.

Please remember that the alternative of a lost instrument bond may be
acceptable by ditch companies.

During the legislative process, Jeffrey J. Kahn, Esq., of Lyons Gaddis
Kahn & Hall, PC testified on behalf of DARCA’s support for the bill.

More 2012 Colorado legislation coverage here.

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