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Transfer of Shares
Green Valley Mutual Water Company is a mutual water company, meaning there are shares of stock appurtenant to each lot in Green Valley Lake (within our service area). Whether purchasing a vacant lot or a home, the share(s) of stock must be transferred from the previous shareholder to the new. Water service cannot be put in the new owner's name until the share(s) have been transferred.
The escrow company handling the transaction needs to contact our office to handle the transfer of shares through escrow. This ensures all outstanding amounts are collected and the new owner has no issues setting up their water account.
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