16-4-206. Service and publication of notice of assessment.
134 words·~1 min read·
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16-4-206. Service and publication of notice of assessment.
(1)The notice of assessment required by Section 16-4-205 shall be:
(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).
(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