United States — Arizona
ARS § 10-1811
1 provisions
Changing the relative rights of capital units requires a unanimous vote of all outstanding capital units to amend the articles of incorporation.
Act or statute Open & Chat
United States — Arizona Statutes
Browse legislation and open any statute to read or ask LexChat.
24,960 statutes · page 14 of 1,248
United States — Arizona
ARS § 10-1812
1 provisions
A close corporation’s articles of incorporation may set different relative rights for investors’ capital units, and if they do not, the rights are proportionate to the dollar amount of the capital units.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-1813
1 provisions
Investors are not liable for the close corporation’s debts, obligations, or liabilities.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-1814
1 provisions
The superior court may appoint a conservator or interim manager for a corporation in an investor action if there is a deadlock or dispute harming, or threatening to harm, the corporation’s assets or business. After appointment, the court may issue related orders, and the clerk must immediately send a copy to the commis
Act or statute Open & ChatUnited States — Arizona
ARS § 10-1815
1 provisions
The superior court may liquidate a close corporation’s assets and business in certain actions, including investor, creditor, or attorney general actions.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-1816
1 provisions
In certain investor- or creditor-filed actions, the superior court may order relief short of dissolution or liquidation and may also change corporate documents, direct or stop acts, or require a purchase of interests or claims at fair market value.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-1817
1 provisions
A domestic close corporation may engage in certain transactions if it follows the referenced statutory chapters, and some plans require investor approval thresholds.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-1841
1 provisions
Certain owners and successors may file a verified claim for unclaimed shares or dividends with the department of administration.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-1842
1 provisions
The department of administration must approve a valid claim and direct payment or delivery to the claimant. Unclaimed corporate shares or dividends must be deposited into a clearing account, kept there during the claim period, and then credited to the permanent state school fund if unclaimed.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-1843
1 provisions
If the department of administration refuses a claim, the claimant may sue in superior court in Maricopa County and must serve the attorney general. If the claimant wins, the court certifies the judgment to the department director, who must issue the order or warrant. An appeal is allowed.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-1871
1 provisions
This section defines “business trust” for this article.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-1872
1 provisions
Business trusts are classified as either domestic or foreign.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-1873
1 provisions
A business trust is permitted to be a recognized form of association for doing business in this state.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-1874
1 provisions
A business trust that wants to do business in the state must deliver specified formation and trustee documents to the commission and file a certified copy with the county recorder.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-1875
1 provisions
A domestic business trust may take part in a merger, interest exchange, conversion, domestication, or division if it complies with the listed chapters; if the trust is being created in one of those transactions, it must also meet section 10-1874’s delivery requirements.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-1876
1 provisions
A business trust amendment is not legally effective in the state until certified copies are filed with the corporation commission and the county recorder.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-1877
1 provisions
A business trust’s powers come from its governing instrument, but it cannot act against state public policy or do business that similar private corporations could not legally do. People dealing with the trust are bound by its instrument and filed amendments.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-1878
1 provisions
A business trust covered by this section must pay the same taxes and fees that apply to domestic and foreign corporations, on an identical basis.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-1879
1 provisions
Business trusts are subject to the same applicable laws that apply to domestic and foreign corporations.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-2001
1 provisions
This section defines several terms used in the article, including “active member,” “agricultural products,” “association,” “marketing agreement” (or “marketing contract”), and “member.”
Act or statute Open & Chat