ARS Title 10 - Corporations and Associations

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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 electric cooperative
10-2058	Board of directors; compensation; term; quorum
10-2059	Officers of cooperative
10-2060	Members in cooperative
10-2061	Nonliability of members for cooperative indebtedness
10-2062	Annual and special meetings of members; notice; quorum; voting
10-2063	Waiver of notice of meeting
10-2064	Bylaws
10-2065	Districts; boundaries
10-2066	Change of location of principal office
10-2067	Nonprofit operation
10-2068	Disposition of property
10-2069	Recording of mortgages; effect
10-2070	Use of roads and streets; notice; protest
10-2073	Consolidation
10-2074	Merger
10-2075	Effect of consolidation or merger
10-2076	Conversion of existing corporations
10-2077	Dissolution
10-2078	Filing of articles
10-2079	Fees
10-2080	Exemption from securities regulations
10-2081	Exemption from antitrust statutes
10-2082	Taking of acknowledgments by officer or member
10-2083	Construction of article
Article 3	Fraternal and Benevolent Societies
10-2101	Requirements for formation
10-2102	Powers of trustees
10-2103	Title to property of society
10-2104	Election, removal and meetings of trustees
10-2105	Filing facsimile of society insignia
10-2106	Wearing insignia of patriotic or fraternal order without authority to obtain aid; classification
Article 4	Nonprofit Electric Generation and Transmission Cooperative Corporations
10-2121	Definitions
10-2122	Purpose
10-2123	Incorporators
10-2124	Use of name
10-2125	Articles of incorporation
10-2126	Amendment of articles; change of location of principal office
10-2127	Powers of a generation and transmission cooperative
10-2128	Membership in a generation and transmission cooperative; voting; nonliability
10-2129	Annual and special meetings of members; notice; quorum
10-2130	Board of directors; term; compensation; quorum
10-2131	Officers of a generation and transmission cooperative
10-2132	Bylaws
10-2133	Nonprofit operation
10-2134	Disposition of property
10-2135	Recording of mortgages; effect
10-2136	Use of roads and streets; notice; protest
10-2138	Prohibition of duplication of service
10-2139	Consolidation
10-2140	Merger
10-2141	Conversion of cooperatives into generation and transmission cooperatives
10-2142	Effect of consolidation or merger
10-2143	Dissolution
10-2144	Filing of articles
10-2145	Fees
10-2146	Exemption from securities regulations
10-2147	Exemption from antitrust statutes
10-2148	Taking of acknowledgments by officer or member
10-2149	Admission of foreign generation and transmission cooperatives
Chapter 20	PROFESSIONAL CORPORATIONS
Article 1	General Provisions
10-2201	Definitions
10-2202	Application of Arizona business corporation act
Article 2	Creation
10-2210	Election of professional corporation status
10-2211	Purposes
10-2212	General powers
10-2213	Rendering professional services; applicability
10-2214	Prohibited activities; authorized investments
10-2215	Corporation name
Article 3	Shares
10-2220	Issuance of shares
10-2221	Shares and professional corporation status on shares
10-2222	Share transfer restriction
10-2223	Compulsory acquisition of shares after death, dissolution or disqualification of shareholder
10-2224	Acquisition procedure
10-2225	Court action to appraise shares
10-2226	Court costs and fees of experts
10-2227	Cancellation of disqualified shares
10-2228	Definition of disqualified shareholder
Article 4	Governance
10-2230	Directors and officers
10-2231	Voting of shares
10-2232	Professional relationship
10-2233	Privileged communications
10-2234	Responsibility for professional services
Article 5	Reorganization and Termination
10-2240	Merger
10-2241	Termination of professional corporation status
10-2242	Judicial dissolution
Article 6	Foreign Professional Corporations
10-2244	Authority to transact business
10-2245	Application for authority to transact business
10-2246	Revocation of certificate of authority
Article 8	Transition Provisions
10-2249	Application to existing corporations
Chapter 21	BUSINESS DEVELOPMENT CORPORATIONS
Article 1	Formation and Operation
10-2251	Definitions
10-2252	Purposes
10-2253	General powers
10-2254	Capital stock
10-2255	Loans by members
10-2256	Authority to become shareholders
10-2257	Temporary board of directors
10-2258	Board of directors
10-2259	Method of incorporation
10-2260	Approval of articles of incorporation; incorporation
10-2261	Authorization to commence business
10-2262	Surplus and dividends
10-2263	Investment of excess funds
10-2264	Members as agents for corporations
10-2265	Supervision and reports
10-2266	Dissolution or liquidation
Chapter 23	CORPORATE TAKEOVERS
Article 1	In General
10-2701	Definitions
10-2702	Duties of director
10-2703	Special meetings of shareholders
10-2704	Limitation on share repurchases; definition
10-2705	Compensation agreements
10-2706	Application
Article 2	Control Share Acquisitions
10-2721	Control share acquisitions; exemption from article
10-2722	Information statement
10-2723	Meeting of shareholders
10-2724	Financing
10-2725	Voting rights
10-2726	Rights of action
10-2727	Redemption
Article 3	Business Combinations
10-2741	Business combination with interested shareholder; approval by committee of the directors
10-2742	Requirements after three years
10-2743	Business combinations; exemptions
Chapter 24	GENERAL PROVISIONS-NONPROFIT CORPORATIONS
Article 1	Short Title
10-3101	Short title
10-3102	Reservation of power to amend or repeal
Article 2	Filing Documents and Fees-Nonprofit Corporations
10-3120	Filing requirements
10-3121	Forms
10-3122; Version 2	Filing, service and copying fees; public access fund; expedited report filing and access; same day and next day services
10-3122	Filing, service and copying fees; expedited report filing; advance monies
10-3123	Effective time and date of document
10-3124	Correcting filed document
10-3125	Filing duty of commission
10-3127	Evidentiary effect of copy of filed document
10-3128	Certificate of good standing
Article 3	Arizona Corporation Commission
10-3130	Powers
Article 4	Definitions, Notice, Private Foundations, Judicial Relief and Religious Organizations
10-3140	Definitions
10-3141	Notice
10-3150	Private foundations; definition
10-3160	Judicial relief
10-3180	Religious corporations; constitutional protections
Chapter 25	INCORPORATION AND TRANSFER OF DOMICILE-NONPROFIT CORPORATIONS
Article 1	Incorporation
10-3201	Incorporators
10-3202	Articles of incorporation; violation; classification
10-3203	Incorporation
10-3204	Liability for noncorporate transactions
10-3205	Organization of corporation
10-3206	Bylaws
10-3207	Emergency bylaws
Article 2	Transfer of Domicile
10-3220	Transfer of domicile
10-3221	Adoption of articles of domestication
10-3222	Articles of domestication
10-3223	Certificate of disclosure and certificate of good standing
10-3224	Recording and publication of articles of domestication
10-3225	Effect of change of domicile
10-3226	Transfer of domicile from this state
Chapter 26	PURPOSES AND POWERS-NONPROFIT CORPORATIONS
Article 1	General Provisions
10-3301	Purposes
10-3302	General powers
10-3303	Emergency powers
10-3304	Validity of actions
Chapter 27	NAME-NONPROFIT CORPORATIONS
Article 1	General Provisions
10-3401	Corporate name
10-3402	Reserved name
10-3403	Registered name
Chapter 28	OFFICE AND AGENT-NONPROFIT CORPORATIONS
Article 1	Place of Business and Agent
10-3501	Known place of business and statutory agent
10-3502	Change of known place of business and statutory agent
10-3503	Resignation of statutory agent
10-3504	Service on corporation
Chapter 29	MEMBERS AND MEMBERSHIP-NONPROFIT CORPORATIONS
Article 1	Admission of Members
10-3601	Admission
10-3602	Consideration
10-3603	No requirement of members
Article 2	Types of Membership-Members' Rights and Obligations
10-3610	Difference in rights and obligations of members
10-3611	Transfers
10-3612	Member's liability to third parties
10-3613	Member's liability for dues, assessments and fees
10-3614	Creditor's action against member
Article 3	Resignation and Termination
10-3620	Resignation
10-3621	Termination, expulsion and suspension
10-3622	Purchase of memberships
Article 4	Derivative Suits
10-3630	Definitions
10-3631	Standing
10-3632	Demand
10-3633	Stay of proceedings
10-3634	Dismissal
10-3635	Discontinuance or settlement
10-3636	Payment of expenses
10-3637	Applicability to foreign corporations
Article 5	Delegates
10-3640	Delegates
Chapter 30	MEMBERS' MEETINGS AND VOTING-NONPROFIT CORPORATIONS
Article 1	Meetings and Action Without Meetings
10-3701	Annual and regular meetings; exceptions
10-3702	Special meeting
10-3703	Court ordered meeting; costs; attorney fees
10-3704	Action by written consent; definition
10-3705	Notice of meeting
10-3706	Waiver of notice
10-3707	Record date; determining members entitled to notice and vote
10-3708	Action by written ballot
Article 2	Voting
10-3720	Members' list for meeting
10-3721	Voting entitlement generally
10-3722	Quorum requirements
10-3723	Voting requirements
10-3724	Proxies
10-3725	Cumulative voting for directors
10-3726	Other methods of electing directors
10-3727	Corporation's acceptance of votes
Article 3	Voting Agreement and Trusts
10-3730	Voting trusts
10-3731	Voting agreements
10-3732	Member agreements
Chapter 31	DIRECTORS AND OFFICERS-NONPROFIT CORPORATIONS
Article 1	Board of Directors
10-3801	Requirement for and duties of board
10-3802	Qualifications of directors
10-3803	Number of directors
10-3804	Election, designation and appointment of directors
10-3805	Terms of directors generally
10-3806	Staggered terms for directors
10-3807	Resignation of directors
10-3808	Removal of directors elected by members or directors
10-3809	Removal of designated or appointed directors
10-3810	Removal of directors by judicial proceeding
10-3811	Vacancy on board
10-3812	Compensation of directors
Article 2	Meetings and Action of the Board
10-3820	Regular and special meetings
10-3821	Action without meeting
10-3822	Call and notice of meetings
10-3823	Waiver of notice
10-3824	Quorum and voting
10-3825	Committees of the board
Article 3	Standards of Conduct
10-3830	General standards for directors
10-3833	Liability for unlawful distributions
Article 4	Officers
10-3840	Officers
10-3841	Duties and authority of officers
10-3842	Standards of conduct for officers
10-3843	Resignation and removal of officers
10-3844	Contract rights of officers
10-3845	Officers' authority to execute documents
Article 5	Indemnification
10-3850	Definitions
10-3851	Authority to indemnify
10-3852	Mandatory indemnification
10-3853	Advance for expenses
10-3854	Court ordered indemnification
10-3855	Determination and authorization of indemnification
10-3856	Indemnification of officers
10-3857	Insurance
10-3858	Application of article
Article 6	Director's Conflicting Interest Transactions
10-3860	Definitions
10-3861	Judicial action
10-3862	Directors' action; definition
10-3863	Members' action; definition
10-3864	Conflict of interest policy; exceptions
Chapter 33	AMENDMENT OF ARTICLES OF INCORPORATION AND BYLAWS-NONPROFIT CORPORATIONS
Article 1	Articles of Incorporation
10-11001	Authority to amend
10-11002	Amendment by board of directors
10-11003	Amendment by board of directors and members
10-11004	Class voting by members on amendments
10-11006	Articles of amendment
10-11007	Restated articles of incorporation
10-11008	Amendment pursuant to reorganization
10-11009	Effect of amendment and restatement
Article 2	Bylaws
10-11020	Amendment by board of directors
10-11021	Amendment by board of directors or members
10-11022	Class voting by members on amendments
10-11023	Bylaw increasing quorum or voting requirement for members
10-11024	Bylaw increasing quorum or voting requirement for directors
Article 3	Articles of Incorporation and Bylaws
10-11030	Approval by third persons
10-11031	Amendment terminating members or redeeming or canceling memberships
Chapter 34	MERGERS-NONPROFIT CORPORATIONS
Article 1	General Provisions
10-11101	Approval of plan of merger
10-11102	Membership exchange
10-11103	Action on plan by board, members and third persons
10-11105	Articles of merger or membership exchange; publication
10-11106	Effect of merger or membership exchange
10-11107	Merger or exchange with other entities
10-11108	Requests, devises and gifts
Chapter 35	SALE OF ASSETS-NONPROFIT CORPORATIONS
Article 1	General Provisions
10-11201	Sale of assets in regular course of activities and mortgage of assets
10-11202	Sale of assets other than in regular course of activities
Chapter 35.1	HOSPITAL AND COMMUNITY HEALTH CENTER MERGERS AND OTHER TRANSACTIONS
Article 1	General Provisions
10-11251	Definitions
10-11252	Scope; included transactions; excluded transactions
10-11253	Public hearing; notice; requirements; summary report
10-11254	Applicability
Chapter 36	DISTRIBUTIONS-NONPROFIT CORPORATIONS
Article 1	General Provisions
10-11301	Prohibited distributions
10-11302	Authorized distributions
Chapter 37	DISSOLUTION-NONPROFIT CORPORATIONS
Article 1	Voluntary Dissolution
10-11401	Dissolution by incorporators or directors and third persons
10-11402	Dissolution by directors and third persons
10-11403	Articles of dissolution
10-11404	Revocation of dissolution
10-11405	Effect of dissolution
10-11406	Known claims against dissolved corporation
10-11407	Unknown claims against dissolved corporation
Article 2	Administrative Dissolution
10-11420	Grounds for administrative dissolution
10-11421	Procedure for and effect of administrative dissolution
10-11422	Reinstatement following administrative dissolution
Article 3	Judicial Dissolution
10-11430	Grounds for judicial dissolution
10-11431	Procedure for judicial dissolution
10-11432	Receivership
10-11433	Decree of dissolution
Article 4	Miscellaneous
10-11440	Deposit with department of revenue
Chapter 38	FOREIGN CORPORATIONS-NONPROFIT CORPORATIONS
Article 1	Grant of Authority
10-11501	Authority to conduct affairs required
10-11502	Consequences of conducting affairs without authority
10-11503	Application for certificate of authority
10-11504	Changes requiring new authority
10-11505	Effect of grant of authority
10-11506	Corporate name of foreign corporation
10-11507	Known place of business and statutory agent of foreign corporation
10-11508	Change of known place of business or statutory agent of foreign corporation
10-11509	Resignation of statutory agent of foreign corporation
10-11510	Service on foreign corporation
Article 2	Withdrawal
10-11520	Withdrawal of foreign corporation
Article 3	Revocation of Certificate of Authority
10-11530	Grounds for revocation
10-11531	Procedure and effect of revocation
Chapter 39	RECORDS AND REPORTS-NONPROFIT CORPORATIONS
Article 1	Records
10-11601	Corporate records
10-11602	Inspection of records by members; applicability
10-11603	Scope of inspection rights; charge
10-11604	Court ordered inspection
10-11605	Limitations on use of membership list; applicability
Article 2	Reports
10-11620	Financial statements for members
10-11621	Report of indemnification to members
10-11622	Annual report
10-11623	Statement of bankruptcy or receivership; interrogatories before subsequent incorporation; violation; classification; definition
Article 3	Miscellaneous Provisions
10-11630	Certificate of good standing; license and registration renewal
10-11631	Civil liability for false statements
10-11632	Interrogatory or signature violations; corporate records; classification
10-11633	Interrogatories by the commission
10-11634	Information disclosed by interrogatories
10-11635	Certified copies received in evidence
Chapter 40	TRANSITION PROVISIONS-NONPROFIT CORPORATIONS
Article 1	General Provisions
10-11701	Application to existing domestic corporations
10-11702	Application to qualified foreign corporations
Chapter 41	INVESTMENTS FOR ELEEMOSYNARY PURPOSES
Article 1	General Provisions
10-11801	Definitions
10-11802	Appropriation of appreciation
10-11803	Rule of construction
10-11804	Investment authority
10-11805	Delegation of investment management
10-11806	Standard of conduct
10-11807	Release of restrictions on use or investment
Chapter 42	CORPORATE SOLE
Article 1	General Provisions
10-11901	Purposes for which corporation sole may be formed
10-11902	Requirements for formation
10-11903	Articles of incorporation; amendment
10-11904	Powers of corporation sole
10-11905	Execution of instruments
10-11906	Succession of title and authority
10-11907	Succession of title to religious property held by person not incorporated as corporation sole
10-11908	Officer; director; law applicable to corporations sole

Richard Keyt is a business, transactions, contracts, real estate, estate planning and internet law attorney licensed to practice law in Arizona. He has provided legal services to businesses and people in Arizona since 1980. Formerly a partner at one of the largest law firms in Arizona, Rick now provides big firm quality legal services at small firm rates. Rick can be reached by telephone at 602-906-4953, email at rickkeyt@keytlaw.com and fax at 602-297-6890. Rick's Arizona law, internet, e-commerce and domain name law web site is KEYTLaw, located at www.keytlaw.com. Communicating with Richard Keyt via email or otherwise does not cause you to become a client or cause your communications to be confidential or subject to the attorney client privilege.

KEYTLaw does not guaranty that the Arizona Revised Statutes displayed on www.keytlaw.com are current or complete versions of Arizona statutory law. The statutory information is furnished "as is" and it may not include the current version of the law or new Arizona statutes. See the Arizona State Legislature's web site for more information about the most recent version of Arizona statutes.

This page was last modified on May 27, 2009.

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