Utah Statutes

§ 16-4-202 — Procedure for assessment in absence of provisions in articles or bylaws.

Utah·Title 16 Corporations·Ch. 16-4 Share Assessment Act·Part 16-4-2 Assessments
(1)An assessment shall be levied in the manner this chapter provides, unless other commercially reasonable procedures are provided in the articles of incorporation or bylaws.
(2)Each assessment shall comply with the requirements of Section 16-4-203.

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Legislative History

Enacted by Chapter 367, 2007 General Session

Nearby Sections

15
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