16-4-303. Service and publication of notice of sale.
(1) The notice of sale required by Section 16-4-302 shall be:
(a) personally served on each shareholder whose share is subject to sale; or
(b) sent by certified mail, return-receipt requested, to each shareholder whose share is
subject to sale at the address shown on the corporation's records.
(2) A shareholder is responsible for providing the shareholder's current mailing address
to the corporation for purposes of Subsection (1).
(3) The notice required by Subsection (1) shall be served or mailed at least 15 days, but
not more than 30 days before the day on which the sale is to occur.
(4) A notice of sale shall be published once a week for two weeks in a newspaper of
general circulation in the location of the corporation's principal place of business beginning at
least 15 days but no more than 45 days before the day on which the sale is to occur.
Enacted by Chapter 367, 2007 General Session
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Last revised: Wednesday, July 23, 2008