A. This chapter applies to all Arizona corporations that were incorporated under or that were subject to chapter 3, article 1 of this title on December 31, 1995. If an existing corporation to which this chapter applies is required to amend its articles of incorporation to comply with this chapter, it shall do so on or before April 1, 1996.

Terms Used In Arizona Laws 10-2249

  • 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
  • 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.

B. This chapter does not apply to a corporation now existing or later incorporated under a law of this state other than this chapter unless the corporation elects professional corporation status under section 10-2210.

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