United States — Arizona
ARS § 10-2020
1 provisions
Associations must pay specified nonrefundable fees, and certain nonprofit agricultural products associations are exempt from franchise or license taxes on income.
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24,960 statutes · page 16 of 1,248
United States — Arizona
1 provisions
Associations must pay specified nonrefundable fees, and certain nonprofit agricultural products associations are exempt from franchise or license taxes on income.
United States — Arizona
1 provisions
After 10 years, unclaimed distributable reserves may be used by the association.
United States — Arizona
1 provisions
An association is not treated as a restraint of trade, illegal monopoly, or price-fixing attempt under this section.
United States — Arizona
1 provisions
A person who knowingly causes an association member to breach a marketing contract, or knowingly spreads false reports about the association’s finances or management, commits a class 2 misdemeanor and may owe the injured association $500.
United States — Arizona
1 provisions
In certain producer-distributor sales contracts, a promise not to join or remain in a cooperative or trade association is void.
United States — Arizona
1 provisions
Title 44, chapter 12 applies only to certain cooperative associations formed under this article, including those formed with capital stock or those exercising powers under section 10-2005(10).
United States — Arizona
1 provisions
A domestic cooperative association may take part in certain transactions, if it follows the listed chapter requirements. If a new association is created in one of those transactions, its initial members must meet one of the listed membership combinations.
United States — Arizona
1 provisions
Incorporation begins when the articles of incorporation and certificate of disclosure are delivered for filing, unless a delayed effective date is stated. If the commission finds filing requirements were not met, it must not file the documents and corporate existence ends when that determination is completed. Within 60
United States — Arizona
1 provisions
A person who acts for a corporation that has not been formed under chapters 1 through 17 can be liable for debts and liabilities from that act if they knew or should have known the corporation was unformed.
United States — Arizona
1 provisions
After incorporation, the board of directors must hold an organizational meeting when called by a majority of the directors.
United States — Arizona
1 provisions
This section defines several terms used in the article, including “affiliate,” “broadband service,” “cooperative,” “executed by the cooperative,” and “person.”
United States — Arizona
1 provisions
This section lets cooperative nonprofit membership corporations organize for specified electric, broadband, rural development, and other lawful purposes, and it allows certain rural electric cooperatives to arrange telephone service agreements when there is no telephone service in the area.
United States — Arizona
1 provisions
Five or more natural persons, or two or more cooperatives, may organize a cooperative under this article.
United States — Arizona
1 provisions
A cooperative’s name generally must include “electric,” “cooperative,” and “inc.”, and it must be distinguishable from other covered business names.
United States — Arizona
1 provisions
A cooperative’s articles of incorporation must say they are executed under this article and must include the cooperative’s name, principal office address, incorporators’ names and addresses, and directors’ names and addresses.
United States — Arizona
1 provisions
A cooperative may amend its articles if it follows the listed member-meeting and voting requirements.
United States — Arizona
1 provisions
An electric cooperative may exercise a broad set of corporate and utility powers, including energy operations, financing, property transactions, and broadband facilities, but rural-development monies must be used only for rural economic development.
United States — Arizona
1 provisions
This section says a cooperative is managed by a board of directors, sets bylaw rules for director number, qualifications, elections, and meetings, limits director pay and employment, allows written-consent action without a meeting, and gives directors civil-liability immunity in specified circumstances.
United States — Arizona
1 provisions
A cooperative’s officers must include a president, vice-president, secretary, and treasurer, elected annually by and from the board of directors, unless the bylaws change that rule.
United States — Arizona
1 provisions
The board of directors of a corporation must adopt initial bylaws, and a corporation’s bylaws may include provisions for managing the business and regulating affairs if they are consistent with law and the articles of incorporation.