0001|                               AN ACT
    |
0002| AMENDING SECTION 72-1-2.1 NMSA 1978 (BEING LAWS 1991, CHAPTER 34,
    |
0003| SECTION 1) PERTAINING TO THE RECORDING OF CHANGES IN OWNERSHIP OF WATER
    |
0004| RIGHTS.
    |
0005| 
    |
0006| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
    |
0007|      Section 1.  Section 72-1-2.1 NMSA 1978 (being Laws 1991, Chapter
    |
0008| 34, Section 1) is amended to read:
    |
0009|      "72-1-2.1.  WATER RIGHTS--CHANGE IN OWNERSHIP--FILING AND
    |
0010| RECORDING--CONSTRUCTIVE NOTICE.--In the event of any changes of
    |
0011| ownership of a water right, whether by sale, gift or any other type of
    |
0012| conveyance, affecting the title to a water right that has been permitted
    |
0013| or licensed by the state engineer, has been declared with the state
    |
0014| engineer or has been adjudicated and is evidenced by a subfile order,
    |
0015| partial final decree, final decree or any other court order, the new
    |
0016| owner of the water right shall file a change of ownership form with the
    |
0017| state engineer.  The form shall include all information conforming with
    |
0018| water rights of record filed with the state engineer and shall be
    |
0019| accompanied by a copy of a warranty deed or other instrument of
    |
0020| conveyance.  The new owner shall record a copy of the change of
    |
0021| ownership form filed with the state engineer with the clerk of the
    |
0022| county in which the water right will be located.  The filing shall be
    |
0023| public notice of the existence and contents of the instruments so
    |
0024| recorded from the time of recording with the county clerk."
    |
0025|                                                               
    |
0001| 
    |
0002|                                                              HB
    |
0003| 343
    |
0004|                                                              Page 
    |