Transfer of Water Interests

Summary

The bill updates state law to clarify that ownership of water‑company stock is determined by the company’s own records, not the state engineer, and sets new limits on when and how those shares can be sold. It also standardizes the deed‑based transfer of water rights and confirms that water rights tied to land move with the land unless expressly reserved. These changes affect water‑company shareholders, landowners, and anyone buying or selling water rights.

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