Arizona Laws 10-2251. Definitions
In this chapter, unless the context otherwise requires:
Terms Used In Arizona Laws 10-2251
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Bank: means any banking corporation or national banking association. See Arizona Laws 10-2251
- 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.
- Corporation: means a business development corporation formed under this chapter. See Arizona Laws 10-2251
- 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
- Shares: means units into which the shareholders' rights to participate in the control of a corporation, in its surplus or profits, or in the distribution of its assets, are divided. See Arizona Laws 10-2251
1. "Bank" means any banking corporation or national banking association.
2. "Corporation" means a business development corporation formed under this chapter.
3. "Deputy director of financial institutions" means the deputy director of the financial institutions division of the department of insurance and financial institutions.
4. "Member" means any bank or federal or state savings and loan association authorized to do business within this state that shall undertake to lend money to the corporation on its call and in accordance with this chapter.
5. "Shareholder" means a registered owner of shares in a corporation formed under the provisions of this chapter.
6. "Shares" means units into which the shareholders’ rights to participate in the control of a corporation, in its surplus or profits, or in the distribution of its assets, are divided.