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 You are here: Home  Arizona Law Arizona Revised Statutes  Title 10

Arizona Revised Statutes Title 10

Corporations and Associations

How to Form an Arizona for Profit Corporation

For a step by step detailed explanation of everything you need to do to form an Arizona corporation for profit yourself without a lawyer, see How to Form an Arizona Corporation.

Chapter 1 GENERAL PROVISIONS
Article 2 Filing Documents and Fees
10-120 Filing requirements
10-121 Forms
10-122 Filing, service and copying fees; expedited report filing and access; same day and next day services; posted wait times; advance monies; definition
10-122.01 Public access fund; purpose; exemption; money on deposit account
10-123 Effective time and date of document
10-124 Correcting filed document
10-125 Filing duty of commission
10-127 Evidentiary effect of copy of filed document
10-128 Certificate of good standing
Article 3 Arizona Corporation Commission
10-130 Powers
Article 4 Definitions, Notice and Shareholders
10-140 Definitions
10-141 Notice
10-142 Number of shareholders
Chapter 2 INCORPORATION AND TRANSFER OF DOMICILE
Article 1 Incorporation
10-201 Incorporators
10-202 Articles of incorporation and certificate of disclosure; violation; classification
10-203 Incorporation
10-204 Liability for noncorporate transactions
10-205 Organization of corporation
10-206 Bylaws
10-207 Emergency bylaws
Article 2 Transfer of Domicile
10-220 Transfer of domicile
10-221 Adoption of articles of domestication
10-222 Articles of domestication
10-223 Certificate of disclosure and certificate of good standing
10-224 Recording and publication of articles of domestication
10-225 Effect of change of domicile
10-226 Transfer of domicile from this state
Chapter 3 PURPOSES AND POWERS
Article 1 General Provisions
10-301 Purposes
10-302 General powers
10-303 Emergency powers
10-304 Validity of actions
Chapter 4 NAME
Article 1 General Provisions
10-401 Corporate name
10-402 Reserved name
10-403 Registered name
Chapter 5 OFFICE AND AGENT
Article 1 Place of Business and Agent
10-501 Known place of business and statutory agent
10-502 Change of known place of business or statutory agent
10-503 Resignation of statutory agent
10-504 Service on corporation
Chapter 6 SHARES AND DISTRIBUTIONS
Article 1 Shares
10-601 Authorized shares
10-602 Terms of class or series determined by board of directors
10-603 Issued and outstanding shares
10-604 Fractional shares
Article 2 Issuance of Shares
10-620 Subscription for shares
10-621 Issuance of shares
10-622 Liability of subscribers and shareholders
10-623 Share dividends
10-624 Share rights, options and warrants
10-625 Form and content of certificates
10-626 Shares without certificates
10-627 Restriction on transfer of shares and other securities; definition
10-628 Expense of issue
10-629 Adjustment of terms of rights, options and warrants; conditions to exercise of rights, options and warrants
Article 3 Subsequent Acquisition of Shares by Shareholders and Corporation
10-630 Shareholders' preemptive rights; definition
10-631 Corporation's acquisition of its own shares
Article 4 Distributions
10-640 Distribution to shareholders
Chapter 7 SHAREHOLDERS
Article 1 Meetings
10-701 Annual meeting
10-702 Special meeting
10-703 Court ordered meeting
10-704 Action by shareholders without meeting
10-705 Notice of meeting
10-706 Waiver of notice
10-707 Record date
10-708 Participation in shareholders' meeting
Article 2 Voting
10-720 Shareholders' list for meeting
10-721 Voting entitlement of shares
10-722 Proxies
10-723 Shares held by nominees
10-724 Corporation's acceptance of votes
10-725 Quorum and voting requirements for voting groups
10-726 Action by single and multiple voting groups
10-727 Greater quorum or voting requirements
10-728 Voting for directors; cumulative voting
Article 3 Voting Trusts and Agreements
10-730 Voting trusts
10-731 Voting agreements
10-732 Shareholder agreements
Article 4 Derivative Proceedings
10-740 Definitions
10-741 Standing
10-742 Demand
10-743 Stay of proceedings
10-744 Dismissal
10-745 Discontinuance or settlement
10-746 Payment of expenses
10-747 Applicability to foreign corporations
Chapter 8 DIRECTORS AND OFFICERS
Article 1 Board of Directors
10-801 Board of directors
10-802 Qualification of directors
10-803 Number and election of directors
10-804 Election of directors by certain classes or series of shareholders
10-805 Terms of directors generally
10-806 Staggered terms for directors
10-807 Resignation of directors
10-808 Removal of directors by shareholders
10-809 Removal of directors by judicial proceeding
10-810 Vacancy on board
10-811 Compensation of directors
Article 2 Meetings and Action of the Board
10-820 Meetings
10-821 Action by directors without meeting
10-822 Notice of meetings
10-823 Waiver of notice
10-824 Quorum and voting
10-825 Committees
Article 3 Standards of Conduct
10-830 General standards for directors; presumption
10-833 Liability for unlawful distributions
Article 4 Officers
10-840 Required officers
10-841 Duties of officers
10-842 Standards of conduct for officers; presumption
10-843 Resignation and removal of officers
10-844 Contract rights of officers
Article 5 Indemnification
10-850 Definitions
10-851 Authority to indemnify
10-852 Mandatory indemnification
10-853 Advance for expenses
10-854 Court ordered indemnification
10-855 Determination and authorization of indemnification
10-856 Indemnification of officers
10-857 Insurance
10-858 Application of article
Article 6 Director's Conflicting Interest Transactions
10-860 Definitions
10-861 Judicial action
10-862 Directors' action; definition
10-863 Shareholders' action; definition
Chapter 9 RESERVED
Chapter 10 AMENDMENT OF ARTICLES OF INCORPORATION AND BYLAWS
Article 1 Amendment of Articles of Incorporation
10-1001 Authority to amend
10-1002 Amendment by board of directors
10-1003 Amendment by board of directors and shareholders
10-1004 Voting on amendments by voting groups
10-1005 Amendment before issuance of shares
10-1006 Articles of amendment
10-1007 Restated articles of incorporation
10-1008 Amendment pursuant to reorganization
10-1009 Effect of amendments
Article 2 Amendment of Bylaws
10-1020 Amendment by board of directors or shareholders
10-1021 Bylaw increasing quorum or voting requirement for shareholders
10-1022 Bylaw increasing quorum or voting requirement for directors
Chapter 11 MERGER AND SHARE EXCHANGE
Article 1 General Provisions
10-1101 Merger
10-1102 Share exchange
10-1103 Action on plan of merger or share exchange
10-1104 Merger of subsidiary
10-1105 Articles of merger or share exchange; publication
10-1106 Effect of merger or share exchange
10-1107 Merger or share exchange with foreign corporation
10-1108 Merger or exchange of shares and interests with a limited liability company, limited partnership or registered limited liability partnership
Chapter 12 SALE OF ASSETS
Article 1 General Provisions
10-1201 Sale of assets in regular course of business and mortgage of assets
10-1202 Sale of assets other than in regular course of business
Chapter 13 DISSENTERS' RIGHTS
Article 1 Dissent and Payment for Shares
10-1301 Definitions
10-1302 Right to dissent
10-1303 Dissent by nominees and beneficial owners
Article 2 Procedure for Exercise of Dissenters' Rights
10-1320 Notice of dissenters' rights
10-1321 Notice of intent to demand payment
10-1322 Dissenters' notice
10-1323 Duty to demand payment
10-1324 Share restrictions
10-1325 Payment
10-1326 Failure to take action
10-1327 After-acquired shares
10-1328 Procedure if shareholder dissatisfied with payment or offer
Article 3 Judicial Appraisal of Shares
10-1330 Court action
10-1331 Court costs and attorney fees
Chapter 14 DISSOLUTION
Article 1 Voluntary Dissolution
10-1401 Dissolution by incorporators or initial directors
10-1402 Dissolution by board of directors and shareholders
10-1403 Articles of dissolution; effective date of dissolution
10-1404 Revocation of dissolution
10-1405 Effect of dissolution
10-1406 Known claims against dissolved corporation; definition
10-1407 Unknown claims against dissolved corporation
Article 2 Administrative Dissolution
10-1420 Grounds for administrative dissolution
10-1421 Procedure for and effect of administrative dissolution
10-1422 Reinstatement following administrative dissolution
Article 3 Judicial Dissolution
10-1430 Grounds for judicial dissolution or equitable relief
10-1431 Procedure for judicial dissolution or equitable relief
10-1432 Receivership
10-1433 Decree of dissolution
10-1434 Election to purchase in lieu of dissolution
Article 4 Miscellaneous
10-1440 Deposit with department of revenue
Chapter 15 FOREIGN CORPORATION
Article 1 Grant of Authority
10-1501 Authority to transact business required
10-1502 Consequences of transacting business without authority; penalty
10-1503 Application for authority to transact business
10-1504 Delivery of changes; changes requiring new authority
10-1505 Effect of grant of authority
10-1506 Corporate name of foreign corporation
10-1507 Known place of business and statutory agent of foreign corporation
10-1508 Change of known place of business or statutory agent of foreign corporation
10-1509 Resignation of statutory agent of foreign corporation
10-1510 Service on foreign corporation
Article 2 Withdrawal
10-1520 Withdrawal of foreign corporation
Article 3 Revocation of Grant of Authority
10-1530 Grounds for revocation
10-1531 Procedure for and effect of revocation; reinstatement
Chapter 16 RECORDS AND REPORTS
Article 1 Records
10-1601 Corporate records
10-1602 Inspection of records by shareholders
10-1603 Scope of inspection right; charge
10-1604 Courtordered inspection
Article 2 Reports
10-1620 Financial statements for shareholders
10-1621 Other reports to shareholders
10-1622 Annual report
10-1623 Statement of bankruptcy or receivership; interrogatories before subsequent incorporation; violation; classification; definitions
Article 3 Miscellaneous Provisions
10-1630 Certificate of good standing; license and registration renewal
10-1631 Civil liability for false statements
10-1632 Interrogatory or signature violations; corporate records; classification
10-1633 Interrogatories by the commission
10-1634 Information disclosed by interrogatories
10-1635 Certified copies received in evidence
Chapter 17 TRANSITION PROVISIONS
Article 1 General Provisions
10-1701 Application to existing domestic corporations
10-1702 Application to qualified foreign corporations
Chapter 18 MISCELLANEOUS PROVISIONS AND CORPORATIONS
Article 1 Close Corporations
10-1801 Law applicable to close corporations
10-1802 Definitions
10-1803 Mandatory provisions of articles of incorporation
10-1804 Optional provisions of articles of incorporation
10-1805 Managers
10-1806 Settlement of disputes; arbitration
10-1807 Option to dissolve
10-1808 Purposes
10-1809 Capital units, transfers and encumbrances
10-1810 Definition of relative rights of capital units
10-1811 Changes in investor relationships
10-1812 Variable relative rights
10-1813 Limitation of liability
10-1814 Appointment of conservator
10-1815 Involuntary dissolution or liquidation pursuant to court order
10-1816 Court relief other than dissolution, liquidation or appointment of conservator
10-1817 Merger of close corporations
10-1818 Conversion of corporate status
Article 2 Unclaimed Shares and Dividends
10-1841 Claim for unclaimed shares or dividends
10-1842 Payment of claim
10-1843 Court action upon refusal to pay claim
Article 4 Business Trusts
10-1871 Definitions
10-1872 Classifications of business trusts
10-1873 Form of association authorized
10-1874 Required delivery to commission; certified copy of trust instrument
10-1876 Amendments to trust instrument; filing; recordation
10-1877 Powers; construction of instrument; binding effect of terms and conditions
10-1878 Taxation
10-1879 Corporation laws applicable
Chapter 19 CORPORATIONS AND ASSOCIATIONS NOT FOR PROFIT
Article 1 Cooperative Marketing Associations
10-2001 Definitions
10-2002 Law governing associations
10-2003 Requirements for formation; limitation on association profits
10-2004 Articles of incorporation; amendments
10-2005 Powers of association
10-2006 Bylaws; renewal upon expiration of contract period
10-2007 Bylaws concerning property rights of members; amendment
10-2008 Eligibility for membership
10-2009 Membership certificates; voting; liability
10-2010 Appraisal of interest and payment upon withdrawal or expulsion of member
10-2011 General powers of directors; election; compensation
10-2012 Organization of board of directors
10-2013 Removal of officer or director
10-2014 General and special meetings of association; notice
10-2015 Referral to membership
10-2016 Marketing contract; remedies for breach
10-2017 Pilot agreement; list of other agreements; recording
10-2018 Investments; limitation; disposition of profits
10-2019 Annual reports
10-2020 License and other fees; tax exemption
10-2021 Distribution of unclaimed reserves
10-2022 Associations not deemed in restraint of trade
10-2023 Inducing breach of contract; spreading false report; classification
10-2024 Producerdistributor agreement not to join, become or remain member of cooperative or trade association
10-2025 Exemption from security law
Article 2 Electric Cooperative Nonprofit Membership Corporations
10-2051 Definitions
10-2052 Purpose
10-2053 Requirements for formation
10-2054 Name
10-2055 Articles of incorporation
10-2056 Amendment of articles
10-2057 Powers of elec