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Sunday, 01 April 2012 |
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.
To download the legislation.
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