Title 16 Chapter 4

Title 16Corporations (Download: PDF | RTF | WordPerfect)
Chapter 4Share Assessment Act (Download: PDF | RTF | WordPerfect)
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Section 101 Title.
Section 102 Definitions.
Section 201 Assessments.
Section 202 Procedure for assessment in absence of provisions in articles or bylaws.
Section 203 Equitable assessment.
Section 204 Order levying assessment -- Contents.
Section 205 Notice of assessment -- Form and contents.
Section 206 Service and publication of notice of assessment.
Section 301 Enforcement of assessment.
Section 302 Notice of sale -- Form.
Section 303 Service and publication of notice of sale.
Section 304 Power of sale.
Section 305 Number of shares to be sold.
Section 306 Determining the highest bidder -- Transfer to highest bidder.
Section 307 Purchase by corporation, officer, or director -- Redemption.
Section 308 Status of shares purchased by corporation, officer, or director.
Section 309 Extension of time specified in notices.
Section 310 Error or omission in proceedings -- Effect.
Section 311 Action to recover shares sold -- Tender -- Limitation of action.
Section 312 Affidavit and posting of notice -- Evidence.
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