United States — Arizona
ARS § 10-707
1 provisions
This section lets bylaws or the board set a record date for shareholder actions, and requires a new record date if a meeting is adjourned too far into the future.
Act or statute Open & Chat
United States — Arizona Statutes
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United States — Arizona
ARS § 10-708
1 provisions
The board may allow shareholders to attend and vote at meetings by remote communication, and shareholders’ votes generally must be in writing unless governing documents say otherwise.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-720
1 provisions
A corporation must prepare and make available a shareholders’ list for a meeting, and shareholders may inspect or copy it under specified conditions.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-721
1 provisions
Most outstanding shares get one vote per matter at a shareholders’ meeting, but several exceptions can remove or limit that voting right.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-722
1 provisions
This section allows shareholders to vote in person or by proxy, sets how proxy appointments can be made and when they take effect, and explains when proxy authority can be revoked or treated as irrevocable.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-723
1 provisions
A corporation may create a procedure to recognize the beneficial owner of nominee-held shares as the shareholder.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-724
1 provisions
A corporation may accept or reject certain votes, consents, waivers, or proxy appointments if it acts in good faith and the signature or signer's authority raises the conditions described in this section.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-725
1 provisions
Voting groups need a quorum before acting, and approval usually requires more votes for than against, subject to the articles, bylaws, and related chapters.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-726
1 provisions
Corporate action is taken based on the required voting group(s): one voting group acts as provided in section 10-725, and if two or more voting groups are required, each votes separately.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-727
1 provisions
The articles of incorporation may set a higher quorum or voting requirement for shareholders or voting groups, and any amendment doing so must satisfy the same quorum and voting rules.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-728
1 provisions
Shareholders may cumulate their votes when electing directors, unless the articles of incorporation say otherwise.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-730
1 provisions
Shareholders may create a voting trust by written agreement and transferring their shares to the trustee or trustees.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-731
1 provisions
Two or more shareholders may sign a voting agreement to तयthe way they will vote their shares.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-732
1 provisions
This section lets shareholders make agreements that override other corporate law provisions if the agreement meets the section’s conditions.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-740
1 provisions
This section defines “derivative proceeding,” “independent person,” and “shareholder.”
Act or statute Open & ChatUnited States — Arizona
ARS § 10-741
1 provisions
A shareholder may not start or continue a derivative proceeding unless the shareholder met the shareholding timing test and fairly represents the corporation’s interests.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-742
1 provisions
A shareholder generally may not start a derivative proceeding until a written demand has been made on the corporation and 90 days have passed, unless one of the listed exceptions applies.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-743
1 provisions
If the corporation starts an inquiry into allegations in a demand or complaint, the court may pause any derivative proceeding for a period the court considers appropriate.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-744
1 provisions
A court may dismiss a derivative proceeding or appoint an independent panel if the corporation moves for it and the stated conditions are met.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-745
1 provisions
A court must order notice to affected shareholders if a proposed discontinuance or settlement of a derivative proceeding would substantially affect their interests.
Act or statute Open & Chat