1. (1) The notice of assessment required by Section 16-4-205 shall be:

   1. (a) personally served on each shareholder; or
   2. (b) sent by first-class mail to each shareholder at the address shown on the corporation's records.
2. (2) A shareholder is responsible for providing the shareholder's current mailing address to the corporation for purposes of Subsection (1).

3. (3)

   1. (a) Except as provided in Subsection (3)(b), a notice of assessment shall be published:

      1. (i) once a week for two weeks in a newspaper of general circulation in the location of the corporation's principal place of business; and
      2. (ii) in accordance with Section 45-1-101 for two weeks.
   2. (b) A water company may elect not to publish notice under Subsection (3)(a).

Amended by Chapter 388, 2009 General Session