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

Utah Statutes

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

Utah § 16-4-205

Title 16Corporations

Ch. 16-4Share Assessment Act

Part 16-4-2Assessments

This text of Utah § 16-4-205 (Notice of assessment -- Form and contents.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 16-4-205 (2026).

Text

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.