ARS § 10-3622. Purchase of memberships

ARS § 10-3622. Purchase of memberships2013-10-05T15:37:04+00:00

Except as provided in the articles of incorporation or bylaws, a corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions set forth in or authorized by its articles of incorporation or bylaws. A corporation shall not make a payment that violates section 10-11301 or 10-11302.

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