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Current as of January 01, 2024 | Updated by FindLaw Staff
If lost or completely destroyed, any security may be reissued in the form and tenor of the lost or destroyed security upon the owner furnishing to the satisfaction of the board:
A. proof of ownership;
B. proof of loss or destruction;
C. a surety bond in twice the face amount of the security and any coupons; and
D. payment of the cost of preparing and issuing the new security.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 72. Water Law § 72-19-62. Lost or destroyed securities - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-72-water-law/nm-st-sect-72-19-62/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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