2006 Utah Code - 16-4-22 — Actions to recover stock sold -- Tender -- Limitation of action.

     16-4-22.   Actions to recover stock sold -- Tender -- Limitation of action.
     No action shall be sustained to recover stock sold for delinquent assessment upon the ground of irregularity or defect of the notice of the sale or defect or irregularity in the sale, unless the person seeking to maintain such action first pays or tenders to the corporation or to the person holding the stock sold the sum for which the same was sold, together with all subsequent assessments which may have been paid thereon, or in the case of stock sold to the corporation, all subsequent assessments levied upon the outstanding stock of the corporation, and interest on such sums from the time they were paid or payable; and no such action shall be sustained unless the same is commenced by the filing of a complaint within six months after such sale was made.

Amended by Chapter 29, 1961 General Session