UTAH CODE (Last Updated: January 16, 2015) |
Title 16. Corporations |
Chapter 4. Share Assessment Act |
Part 2. Assessments |
§ 16-4-203. Equitable assessment.
Latest version.
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(1) (a) Subject to Subsection (2), all shares subject to assessment shall be assessed equitably. (b) Different classes of shares, and shares with different rights or benefits, may be subject to differing assessments. (3) For purposes of Subsection (2), "contract" does not include the articles of incorporation or the bylaws.
Enacted by Chapter 367, 2007 General Session