Arizona Laws 10-3630. Definitions
Current as of: 2023 | Check for updates
|
Other versions
In this article, unless the context otherwise requires:
Terms Used In Arizona Laws 10-3630
- 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.
- Foreign corporation: means a corporation for profit that is incorporated under a law other than the law of this state. See Arizona Laws 10-140
- Person: includes an individual and entity. See Arizona Laws 10-140
1. "Derivative proceeding" means a civil suit in the right of a domestic corporation or, to the extent provided in section 10-3637, in the right of a foreign corporation.
2. "Independent person" means a person with no personal interest in the transaction and no personal or other relationship which influences the person.