Arizona Laws 10-2003. Requirements for formation; association profits
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A. The following may form a cooperative association with or without capital stock under this article:
Terms Used In Arizona Laws 10-2003
- Association: means a corporation organized under this article. See Arizona Laws 10-2001
- Distribution: means a direct or indirect transfer of money or other property, except its own shares, or incurrence of indebtedness by a corporation to or for the benefit of its shareholders in respect of any of its shares. See Arizona Laws 10-140
1. Five or more persons engaged in the production of products or services.
2. Five or more small businesses, individuals or entities engaged in the marketing and distribution of manufactured goods for import and export purposes.
B. Associations organized under this article may make profits for themselves or for their members.