A corporation may pay the expenses of selling or underwriting its shares and of organizing or reorganizing the corporation from the consideration received for shares.

Terms Used In Arizona Laws 10-628

  • 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.
  • Shares: means the units into which the proprietary interests in a corporation are divided. See Arizona Laws 10-140
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