United States — Arizona
ARS § 10-2002
1 provisions
Laws that conflict with this article do not apply to the covered associations; general corporation laws apply unless they conflict with this article’s express provisions.
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24,960 statutes · page 15 of 1,248
United States — Arizona
1 provisions
Laws that conflict with this article do not apply to the covered associations; general corporation laws apply unless they conflict with this article’s express provisions.
United States — Arizona
1 provisions
Certain groups may form a cooperative association under this article, and associations organized under it may make profits.
United States — Arizona
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Articles of incorporation must be filed with specified details, and later amendments may be made only with the required member vote and written notice.
United States — Arizona
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An incorporated association may carry out a broad range of related business activities, subject to limits on dealing in nonmember products and a 30-day notice rule for certain subsidiary securities.
United States — Arizona
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Associations must adopt bylaws within 30 days after incorporation, and member approval is needed to adopt them. The board of directors may renew or revise the bylaws at the end of each contract period, with 30 days’ notice to members unless more than 50% object in writing.
United States — Arizona
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The association must state members’ property rights in its by-laws, may admit new members who share under those rules, and may not change those by-laws except with written consent or a three-fourths vote of qualified members.
United States — Arizona
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An association may admit certain people or entities as members if its bylaws allow it.
United States — Arizona
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A qualifying member may receive a membership certificate after paying the membership fee, and voting is limited to one vote unless the bylaws say otherwise, with extra limits on patronage-based and capital-based votes.
United States — Arizona
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One or more persons may act as incorporators of a corporation by delivering articles of incorporation and a certificate of disclosure to the commission for filing.
United States — Arizona
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If a member withdraws or is expelled, the board of directors must appraise the member’s property interest and pay the member for it within three years.
United States — Arizona
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The board of directors manages the association’s affairs, and the remaining members must fill a board vacancy (other than one caused by term expiration) by majority vote.
United States — Arizona
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Directors must elect the association’s president, one or more vice-presidents, a secretary, and a treasurer; the secretary and treasurer do not have to be members, and the board must authorize any deposit of the association’s funds.
United States — Arizona
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Members can file written charges to seek removal of an officer or director, and the association votes on removal at the next regular or special meeting.
United States — Arizona
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The board of directors may call a special meeting at any time, and ten per cent of the members may request one if they state the business to be discussed. If that request is made, the directors must call the meeting. Notices for meetings must be mailed to each member at least ten days before the meeting, unless the by-
United States — Arizona
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If half of the board of directors demands it, a matter the board approved must be referred to the membership or shareholders for a decision at the next special or regular meeting.
United States — Arizona
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The association and its members may enter marketing contracts for up to 10 years, with a longer membership term allowed up to 30 years if members can withdraw at least once a year. The association may also seek injunctions for breach or threatened breach.
United States — Arizona
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The association may record one executed marketing agreement with the county recorder, and later may file a secretary’s affidavit instead of recording other member agreements.
United States — Arizona
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An association may make and use certain investments and business agreements, and may share methods and agencies with other associations by agreement.
United States — Arizona
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The association must file an annual report on forms provided by the corporation commission.
United States — Arizona
1 provisions
This section requires articles of incorporation and a certificate of disclosure to include specified information, allows some optional provisions, and gives the commission enforcement powers.