Utah § 16-4-205 - Notice of assessment -- Form and contents.
Full text of Utah Utah Code § 16-4-205 — Notice of assessment -- Form and contents., with citation guidance and answers to common questions.
§ 16-4-205. Notice of assessment -- Form and contents.
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. |
Enacted by Chapter 367, 2007 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 16-4-205
What does Utah Code § 16-4-205 cover?
Section 16-4-205 ("Notice of assessment -- Form and contents.") 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 § 16-4-205?
A common citation format is "Utah Code § 16-4-205" (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 § 16-4-205 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.