§ 16-4-201. Assessments.

Latest version.

(1)	The shares of a nonprofit corporation are subject to assessment for any corporate purpose, except to the extent proscribed by the articles of incorporation.

(2)

The shares of a profit corporation are subject to assessment if:

(a)	those shares were subject to assessment before May 1, 2007; and

(b)	the assessment is not proscribed by the corporation's articles of incorporation.

Enacted by Chapter 367, 2007 General Session

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');