A. The articles of incorporation of a close corporation shall set forth:

Terms Used In Arizona Laws 10-1803

  • Address: means a mailing address. See Arizona Laws 10-140
  • Articles of incorporation: means the original or restated articles of incorporation or articles of merger and all amendments to the articles of incorporation or merger and includes amended and restated articles of incorporation and articles of amendment and merger. See Arizona Laws 10-140
  • Capital units: means the proportions of the proprietary interest in the corporation owned by the investors. See Arizona Laws 10-1802
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Manager: means the person or persons named in the articles of incorporation either originally or by amendment thereto in the capacity of manager or assistant manager and does not include any person who is not so named. See Arizona Laws 10-1802

1. The name of the corporation which shall contain the words "Arizona close corporation" or an abbreviation therefor.

2. The name and address of the manager or managers of the corporation.

3. The names, addresses and amount of initial contribution of capital units of each of the original investors. The number of original investors shall not exceed ten.

4. The aggregate amount in dollars of the initial capital units to be paid to the corporation.

5. The name, address and signature of the corporation’s initial statutory agent.

B. It shall not be necessary to set forth in the articles of incorporation any corporate powers or any corporate purposes.

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