Left Hand Ditch Company
P.O. Box 229 Niwot, Co. 80544 (Office: 303-652-9965)
Procedures Regarding
Lost Stock Certificate Replacement
New procedures as of January 2018
The procedures for obtaining replacement of a lost stock certificate, including our approved methods for reissuance, are set forth below:
Method 1: Lost Instrument Bond
The shareholder must contact the Ditch Company with notice that the certificate has been lost. At the next regularly scheduled Board meeting, a bond amount will be set (usually $10,000 per share) and an informational letter setting forth the bond amount will be mailed to the shareholder.
The shareholder must then purchase a Lost Instrument Bond from an insurance agency and submit that bond, together with the Affidavit of Loss form provided.
Once the Ditch Company has confirmed that all assessments and transfer fees have been paid, a new stock certificate will be issued and mailed to the shareholder via Certified Mail.
Note: This procedure takes approximately two months from time of notice to authorization and issuance of a new certificate.
Method 2: Statutory Procedure (C.R.S. §§ 7-42-114 through 7-42-117)
The shareholder must contact the Ditch Company with notice that the certificate has been lost. A new certificate may be issued after all of the below statutory procedures have been completed:
a. The registered owner, his legal representative, or assignee, must submit a statement under oath in the form of a “Loss and Demand for Issuance of Duplicate Stock Certificate” form, which will be included in an informational mailing to the shareholder upon notice that the certificate has been lost. (Please provide the following information below)
b. Upon receipt of the Loss and Demand for Issuance of Duplicate Stock Certificate, counsel for Ditch Company will prepare and publish a notice to run in a newspaper of general circulation in Boulder County once a week for a period of five weeks, allowing contrary claims, if any, to be made.
c. Upon completion of the publication period and the time for notice set forth in the publication, if no contrary claims have been made, the Ditch Company will confirm that all assessments and transfer fees have been paid, and a new stock certificate will be issued and mailed to the shareholder via Registered Mail.
d. Please provide the following information: How you want the certificate titled, Name of buyer if different, address to mail the new certificate to, phone numbers, email address, and the ditch you will be using your water in.
Note: The shareholder will be asked to place $2,500 on deposit with the Ditch Company at the time of notice to cover legal expenses, notification costs, and Ditch Company expenses incurred in connection with reissuance of the lost certificate. An exact accounting will be provided to shareholder, and an invoice or credit, as appropriate, will be issued prior to mailing of the replacement stock certificate.
Upon receipt of "Loss and Demand for Issuance of Duplicate Stock Certificate" and deposit of funds the package will be submitted to the board of directors at the next regularly scheduled meeting for approval to begin the process.
Your package must be received at the LHDC office 14 days prior to the board meeting for processing.
Please provide the following information: How you want the certificate titled, Name of buyer if different, address to mail the new certificate to, phone numbers, email address, and the ditch you will be using your water in.
Note: This procedure takes approximately three-four months from time of notice to authorization and issuance of a new certificate.
Left Hand Ditch Company
Po Box 229
Niwot, CO 80544
Required Information for Processing
Lost Stock Certificate Replacement
Shareholder Name: |
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If entity, person with signature authority and title: |
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Shareholder Address: |
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Email Address: |
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Certificate #: |
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# of Shares: |
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