First Reservoir LLC

Town

Palmer Lake

Basin

Arkansas

Colorado SOS entity ID

20141407943

DitchBook is not affiliated with First Reservoir LLC. This page is a public-record profile compiled from Colorado Secretary of State and public water-district data.

A mutual ditch or reservoir company is a nonprofit corporation formed under Colorado law — most commonly C.R.S. Title 7, Article 42 — so that landowners who share an irrigation ditch, canal, or reservoir can jointly own and operate it. Instead of the water right belonging to a single person, shares in the company represent each owner's proportional claim, and the company's board and secretary keep the ledger, run assessments for maintenance, and issue certificates the way any small corporation would. Many of these companies have operated continuously since the 1880s, run entirely by volunteer officers who inherit the books from whoever kept them before.