**Please email firstname.lastname@example.org or contact the office at (909) 982-4107 regarding water stock transfers.**
Water Stock Instructions
San Antonio Water Company is a private mutual water entity, under State Code, we must conform to the statutes and our Bylaws when taking actions on shareholder's water service accounts and stock holdings. All such instructions for action on a shareholder(s) account(s) and/or shareholding(s) must be in written form, signed by the shareholder(s) of record and notarized. Please follow these Water Stock Transfer Instructions when transferring water shares whether outside of, or in accompaniment with, the close of escrow.
If You Need Any Further Assistance Please Call 909-982-4107
Water Stock Leases
The leasing of water shares/stock is a privilege allowed only between shareholders. A non-shareholder (an individual with no share holdings in the water company) cannot lease shares from a shareholder. Leases cannot be implemented mid-billing cycle. Please see the requirements for leasing water shares and requirements for a legally sufficient contract for more information.
Water Stock Auctions
Occasionally, SAWCo is unable to collect the unpaid bills of its shareholders with no physical address in SAWCo's water service area known as dormant shareholders. After all efforts to contact these shareholder(s) to have the unpaid bill brought current has failed, SAWCo will hold a sealed bid stock auction to recover the unpaid debt. Legal fees, advertising fees, unpaid bill amounts, staff work time, etc. are deducted from the winning bid amount. Stock auctions are held when warranted, not necessarily on a regular basis. Notification of upcoming stock auctions are currently sent to all shareholders as well as advertised in the local newspaper.