United States — Arizona
ARS § 10-11802
1 provisions
Institutions managing institutional funds must act prudently, in good faith, and consider the institution’s and fund’s charitable purposes.
Act or statute Open & Chat
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United States — Arizona
ARS § 10-11803
1 provisions
An institution may appropriate or accumulate endowment fund assets if it follows the donor’s gift instrument and uses prudent judgment.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-11804
1 provisions
An institution may delegate fund management and investment to an external agent, but must do so in good faith, with ordinary prudence, and keep reviewing the agent’s performance. The agent must use reasonable care, and accepting delegation submits the agent to the state courts’ jurisdiction for related proceedings.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-11805
1 provisions
An institution may release or modify certain fund restrictions with donor consent or court involvement, but the fund still must be used for a charitable purpose.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-11806
1 provisions
This chapter applies to institutional funds that already exist on the effective date or are established after that date.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-11901
1 provisions
Corporations may be formed to handle certain church, religious, charity, public worship, and scientific research property.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-11902
1 provisions
An eligible person may prepare, acknowledge, file, and record articles of incorporation for certain church, religious society, or pure-research scientific institution property holders.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-11903
1 provisions
Articles of incorporation must include specified information, and a corporation may amend its articles if the amendment is executed by the original signer or successor and filed and recorded as required.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-11904
1 provisions
After filing the articles of incorporation, the named person and successor in office are treated as a corporation sole and may own, sell, rent, dispose of, and finance property.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-11905
1 provisions
Written deeds and other instruments must be made and signed in the name of the corporation sole in the capacity set out in the articles.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-11906
1 provisions
When a corporation sole’s office changes because of death, resignation, or removal, the successor gets the property title, power, authority, liabilities, and obligations, and must file and record a certified copy of the appointment or election documents.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-11907
1 provisions
When the title holder for certain church or religious-society property dies, resigns, or is removed, the title does not pass back to the donor or to heirs and stays in abeyance until a successor is appointed.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-11908
1 provisions
A corporation sole’s person is its only director and officer unless the articles or bylaws say otherwise, and corporations sole organized under this article are subject to chapters 24 through 40 except where this article changes them.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-11909
1 provisions
A domestic corporation sole may take part in certain restructuring transactions if it follows the cited chapters; if one is created, its only member and director must be the person comprising the corporation sole, and the articles of incorporation must be recorded.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-120
1 provisions
Documents filed with the commission must meet section requirements, be properly executed, contain required information, and usually be filed with the correct fee; fax or electronic filing is allowed with extra retention and delivery rules.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-1201
1 provisions
A corporation may sell or transfer property, or encumber it, on terms set by its board of directors. Shareholder approval is not required unless the articles of incorporation require it.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-1202
1 provisions
A corporation may dispose of all or substantially all of its property outside the ordinary course only if the board proposes the deal and the shareholders approve it.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-121
1 provisions
Certain required filings must be made on commission-prescribed forms. The commission may also provide forms for other filings on request, and using those forms is optional.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-122
1 provisions
The commission must collect specified filing and service fees, can offer expedited and same-day/next-day services for additional fees, and must post current wait times.
Act or statute Open & ChatUnited States — Arizona
ARS § 10-122.01
1 provisions
Creates a public access fund and a separate money-on-deposit account, assigns the commission to administer and use the money under stated limits, and gives the account special rules on trust handling and exemptions.
Act or statute Open & Chat