Assessments.

Utah Code § 16-4-201, under Part 16-4-2: Assessments.

Utah Code § 16-4-201

16-4-201. Assessments.

(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: those shares were subject to assessment before May 1, 2007; and the assessment is not proscribed by the corporation's articles of incorporation.