Skip to main content
Find a Lawyer

Utah Code Title 16. Corporations § 16-4-204. Order levying assessment--Contents

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) An assessment may be levied by order of the board of directors.

(2) An order levying an assessment shall:

(a) specify the amount of the levy on each share;

(b) specify when, to whom, and where the assessment is payable; and

(c) identify the day on which an unpaid assessment becomes delinquent.

(3) The date on which an unpaid assessment is considered delinquent shall be at least 30 days after notice of assessment is given as provided in Section 16-4-206.

(4) If assessments are not levied on an equal basis for all shares, the order shall state the equitable basis for the differing assessments.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Utah Code Title 16. Corporations § 16-4-204. Order levying assessment--Contents - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-16-corporations/ut-code-sect-16-4-204/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard