| (1) |
The notice of assessment required by Section 16-4-205 shall be:
Terms Used In Utah Code 16-4-206- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: means a nonprofit corporation or a profit corporation. See Utah Code 16-4-102
- Water company: means a corporation in which a shareholder has the right, based on the shareholder's shares, to receive a proportionate share of water delivered by the corporation. See Utah Code 16-4-102
| (a) |
personally served on each shareholder; or |
| (b) |
sent by first-class mail to each shareholder at the address shown on the corporation‘s records. |
|
| (2) |
A shareholder is responsible for providing the shareholder’s current mailing address to the corporation for purposes of Subsection (1). |
| (3) |
| (a) |
Except as provided in Subsection (3)(b), a notice of assessment shall be published:
| (i) |
once a week for two weeks in a newspaper of general circulation in the location of the corporation’s principal place of business; and |
| (ii) |
in accordance with Section 45-1-101 for two weeks. |
|
| (b) |
A water company may elect not to publish notice under Subsection (3)(a). |
|
Amended by Chapter 388, 2009 General Session
