Arizona Laws 10-2242. Judicial dissolution
The attorney general may commence a proceeding under sections 10-1430 through 10-1433 to dissolve a professional corporation if:
Terms Used In Arizona Laws 10-2242
- Commission: means the Arizona corporation commission. See Arizona Laws 10-140
- 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.
- Proceeding: includes a civil suit and a criminal, administrative and investigatory action. See Arizona Laws 10-140
- written: includes blockchain technology as defined in section 44-7061. See Arizona Laws 10-140
1. The commission serves written notice on the corporation under section 10-504 that it has violated or is violating a provision of this chapter.
2. The corporation does not correct each alleged violation, or demonstrate to the reasonable satisfaction of the commission that it did not occur, within sixty days after service of the notice is perfected under section 10-504.
3. The commission certifies to the attorney general a description of the violation, that it notified the corporation of the violation and that the corporation did not correct it, or demonstrate that it did not occur, within sixty days after perfection of service of the notice.