Article 1 General Provisions 41-4901

Terms Used In Arizona Laws > Title 41 > Chapter 49

  • Board of directors: means the group of persons vested with the management of the affairs of the corporation irrespective of the name by which the group is designated and includes the governing body or bodies of a water users' association if the articles of incorporation of such water users' association provide for a governing body or bodies denominated other than as a board of directors. See Arizona Laws 10-140
  • Corporation: means a business development corporation formed under the provisions of this chapter. See Arizona Laws 10-2251
  • Ex officio: Literally, by virtue of one's office.
  • Member: means any bank or federal or state savings and loan association authorized to do business within this state which shall undertake to lend money to the corporation upon its call and in accordance with the provisions of this chapter. See Arizona Laws 10-2251
  • United States: includes a district, authority, bureau, commission and department and any other agency of the United States. See Arizona Laws 10-140
  • Vote: includes authorization by written ballot and written consent. See Arizona Laws 10-3140