New Mexico Statutes 72-5-17. Excess waters; sale
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The owner or owners of any works for the storage, diversion or carriage of water who may make application to store or carry water in excess of their needs for irrigation or other beneficial use, shall be required, as trustee of such right, to deliver such surplus at reasonable and uniform rates to parties entitled to use the same under like conditions and circumstances.
Terms Used In New Mexico Statutes 72-5-17
- Trustee: A person or institution holding and administering property in trust.