2006 Utah Code - 16-4-16 — Amount of stock to be sold.

     16-4-16.   Amount of stock to be sold.
     On the day, at the place and at the time appointed in the notice of sale the secretary shall, unless otherwise ordered by the board of directors, sell or cause to be sold at public auction to the highest bidder for cash so many shares of each parcel of the described stock as may be necessary to pay the assessment and charges thereon according to the terms of sale; if payment is made before the time fixed for sale, the party paying shall only be required to pay the actual expenses of advertising in addition to the assessment.

Amended by Chapter 29, 1961 General Session