16-4-206 - Service and publication of notice of assessment.
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'srecords.
(2) A shareholder is responsible for providing the shareholder's current mailing addressto the corporation for purposes of Subsection (1).
(3) (a) Except as provided in Subsection (3)(b), a notice of assessment shall bepublished:
(i) once a week for two weeks in a newspaper of general circulation in the location of thecorporation'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