Utah § 16-4-205 Notice of assessment -- Form and contents.

Utah Statutes

§ 16-4-205 — Notice of assessment -- Form and contents.

Utah·Title 16 Corporations·Ch. 16-4 Share Assessment Act·Part 16-4-2 Assessments

When the board of directors levies an assessment, the secretary shall prepare a notice of assessment, including:

(1)the name of the corporation;

(2)the location of the corporation's principal place of business;

(3)the date of the meeting at which the board of directors adopted the order levying the assessment;

(4)a description of the class or classes of shares assessed, and the amount of assessment per share;

(5)the time, place, and manner of payment;

(6)the day on which payment is considered delinquent;

(7)if assessments are not levied on an equal basis, a statement that the equitable basis for the assessments is set forth in the order; and

(8)a general statement that the board of directors may elect various remedies to enforce payment, including the auctioning of shares.

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When the board of directors levies an assessment, the secretary shall prepare a notice of assessment, including:
(1) the name of the corporation;
(2) the location of the corporation's principal place of business;
(3) the date of the meeting at which the board of directors adopted the order levying the assessment;
(4) a description of the class or classes of shares assessed, and the amount of assessment per share;
(5) the time, place, and manner of payment;
(6) the day on which payment is considered delinquent;
(7) if assessments are not levied on an equal basis, a statement that the equitable basis for the assessments is set forth in the order; and
(8) a general statement that the board of directors may elect various remedies to enforce payment, including the auctioning of shares.

Utah § 16-4-205 (Notice of assessment -- Form and contents.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.