Section 16-4-205 - Notice of assessment - Form and contentsWhen the board of directors levies an assessment, the secretary shall prepare a notice of assessment, including:
(1) the name of the corporation;(2) the location of the corporation's principal place of business;(3) the date of the meeting at which the board of directors adopted the order levying the assessment;(4) a description of the class or classes of shares assessed, and the amount of assessment per share;(5) the time, place, and manner of payment;(6) the day on which payment is considered delinquent;(7) if assessments are not levied on an equal basis, a statement that the equitable basis for the assessments is set forth in the order; and(8) a general statement that the board of directors may elect various remedies to enforce payment, including the auctioning of shares.Enacted by Chapter 367, 2007 General Session.