United States — Arizona
ARS § 10-746
1 provisions
After a derivative proceeding ends, the court may order one side to pay the other side’s reasonable expenses and attorney fees in certain circumstances.
Act or statute Open & Chat
United States — Arizona Statutes
Browse 24,960 source-backed statutes, open stored provisions, and verify official source links.
Latest source update shown on this page: .
24,960 statutes · page 32 of 1,248
United States — Arizona
ARS § 10-747
1 provisions
In a derivative proceeding for a foreign corporation, the article is governed by the corporation’s jurisdiction of incorporation, except for sections 10-743, 10-745, and 10-746.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-801
1 provisions
Each corporation must have a board of directors.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-802
1 provisions
The corporation’s articles of incorporation or bylaws may set director qualifications, and a director does not have to be a state resident or shareholder unless those documents require it.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-803
1 provisions
This section sets how many directors a board must have and when directors are elected.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-804
1 provisions
If the articles of incorporation divide shares into classes or series, they may also let holders of authorized classes or series elect all or some directors.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-805
1 provisions
This section sets when directors’ terms end and when they may keep serving after expiration.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-806
1 provisions
The articles of incorporation may set up staggered director terms in groups.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-807
1 provisions
A director may resign at any time by giving written notice to the board, its chairman, or the corporation.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-808
1 provisions
Shareholders may remove directors, but the articles can require cause only; voting is limited in some cases, and removal must happen at a meeting.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-809
1 provisions
A court may remove a corporation’s director in a proceeding brought by the corporation or qualifying shareholders if it finds fraudulent or intentional criminal conduct and that removal is in the corporation’s best interest.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-810
1 provisions
This section says who may fill a board vacancy and who may vote or act when no directors remain.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-811
1 provisions
The board of directors may set directors’ compensation unless the articles of incorporation or bylaws say otherwise.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-820
1 provisions
The board of directors may hold regular or special meetings inside or outside the state, and may allow directors to join or run the meeting by communication method if the meeting’s governing documents do not say otherwise and everyone participating can hear each other at the same time.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-821
1 provisions
Directors may act without a meeting if all directors consent, unless the articles or bylaws say otherwise.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-822
1 provisions
Regular board meetings may be held without notice unless the articles of incorporation or bylaws say otherwise. Special board meetings require at least two days’ notice of the date, time, and place, and the notice does not have to state the purpose unless the articles or bylaws require it.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-823
1 provisions
A director may waive required notice for certain corporate materials and meetings, subject to the statute’s stated timing and written-signature requirements.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-824
1 provisions
The section sets how many directors make a quorum and when board action passes. It also says a present director is treated as assenting unless the director objects, dissents, abstains, or gives timely written notice.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-825
1 provisions
The board may create committees and appoint directors to them, but committees have limited powers and cannot take several listed corporate actions.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-830
1 provisions
Directors must act in good faith, use ordinary care, and reasonably believe their actions are in the corporation’s best interests. They may rely on certain information sources, but not when they know that reliance would be unwarranted.
Act or statute Open & Chat