Utah § 16-4-203 - Equitable assessment.

Full text of Utah Utah Code § 16-4-203 — Equitable assessment., with citation guidance and answers to common questions.

§ 16-4-203. Equitable assessment.

16-4-203.  Equitable assessment.
(1)
(a) Subject to Subsection (2), all shares subject to assessment shall be assessed equitably.
(b) Different classes of shares, and shares with different rights or benefits, may be subject to differing assessments.
(2) Shares may also be assessed on any basis required by:
(a) any existing or future contract between:
(i) the United States and a water company;
(ii) the United States and the shareholders of a water company; or
(iii) a water company and one or more shareholders of the water company; or
(b) any contract of subscription for shares in a water company contracting with the United States.
(3) For purposes of Subsection (2), "contract" does not include the articles of incorporation or the bylaws.


Enacted by Chapter 367, 2007 General Session

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Frequently Asked Questions About Utah § 16-4-203

What does Utah Code § 16-4-203 cover?

Section 16-4-203 ("Equitable assessment.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Utah § 16-4-203?

A common citation format is "Utah Code § 16-4-203" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

How does Utah § 16-4-203 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Utah.