Lost or destroyed securities.

1. Law
2. New Mexico Statutes
3. Water Law
4. Albuquerque Metropolitan Arroyo Flood Control
5. Lost or destroyed securities.

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.

History: 1953 Comp., § 75-36-62, enacted by Laws 1963, ch. 311, § 62.

ANNOTATIONS

Am. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations § 298.

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