{"data":{"id":"us-ut/utah-code-16-4-205","jurisdiction":"us-ut","citation":"Utah Code § 16-4-205","heading":"Notice of assessment -- Form and contents.","body":"When the board of directors levies an assessment, the secretary shall prepare a notice of assessment, including:\n(1) the name of the corporation;\n(2) the location of the corporation's principal place of business;\n(3) the date of the meeting at which the board of directors adopted the order levying the assessment;\n(4) a description of the class or classes of shares assessed, and the amount of assessment per share;\n(5) the time, place, and manner of payment;\n(6) the day on which payment is considered delinquent;\n(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\n(8) a general statement that the board of directors may elect various remedies to enforce payment, including the auctioning of shares.","path":["Title 16 Corporations","Chapter 16-4 Share Assessment Act","Part 16-4-2 Assessments"],"source_url":"https://le.utah.gov/xcode/Title16/Chapter4/16-4-S205.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"a7943326ae3913f47726cf377a1f024513f18c9238e0750911fdbb449a9c8fda","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-16-4-204","next":"us-ut/utah-code-16-4-206"},"notice":"GroundRules: Original legal text. Not legal advice."}