Utah § 16-4-301 - Enforcement of assessment.

Full text of Utah Utah Code § 16-4-301 — Enforcement of assessment., with citation guidance and answers to common questions.

§ 16-4-301. Enforcement of assessment.

16-4-301.  Enforcement of assessment.
(1) Payment of a delinquent assessment may be enforced by a corporation in one or more of the following ways:
(a) imposition of a late charge, penalty, or interest;
(b) suspension of one or more benefits of share ownership, including the right to vote, to transfer shares, or to delivery of water in the case of a water company;
(c) sale at public auction of the shares on which payment is delinquent; and
(d) any other enforcement method specified in the corporation's articles of incorporation.
(2) In an enforcement action, the corporation may recover the delinquent assessment, any late charge, penalty, or interest, and all costs of collection, including attorney fees.
(3)
(a) The board of directors shall follow enforcement procedures:
(i) as set forth in the articles of incorporation or bylaws; or
(ii) as determined by the board of directors in a manner consistent with the board of directors' fiduciary duty to shareholders.
(b) If the board of directors determines to sell shares at public auction, the board shall follow the procedures required by Sections 16-4-302 through 16-4-312.


Enacted by Chapter 367, 2007 General Session

Source: official Utah text · Last verified 2026-08-27

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Frequently Asked Questions About Utah § 16-4-301

What does Utah Code § 16-4-301 cover?

Section 16-4-301 ("Enforcement of 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 § 16-4-301?

A common citation format is "Utah Code § 16-4-301" (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 § 16-4-301 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.