Browse 24,960 source-backed statutes, open stored provisions, and verify official source links.
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24,960 statutes · page 21 of 1,248
United States — Arizona
1 provisions
A shareholder of a professional corporation is personally liable for negligent or wrongful acts or misconduct by the shareholder or direct supervisees while providing professional services, and is not responsible for another shareholder’s liability.
United States — Arizona
1 provisions
A domestic professional corporation may take part in a merger, interest exchange, conversion, domestication, or division if it complies with the cited chapters, and any new domestic professional corporation must have shareholders who are qualified under this chapter.
United States — Arizona
1 provisions
A professional corporation that stops providing professional services or chooses to end that status must amend its articles of incorporation.
United States — Arizona
1 provisions
The attorney general may start a court proceeding to dissolve a professional corporation if notice and certification steps are completed and the corporation does not fix or refute the alleged violation within 60 days.
United States — Arizona
1 provisions
A foreign professional corporation generally may not do business in the state until the commission grants authority, unless an exception applies.
United States — Arizona
1 provisions
A foreign professional corporation seeking authority to transact business in the state must file an application containing specified information and required licensing statements.
United States — Arizona
1 provisions
The commission may revoke a foreign professional corporation’s authority to do business in the state if the relevant licensing authority certifies a violation and describes it.
United States — Arizona
1 provisions
This section says which Arizona corporations this chapter applies to, and requires certain covered existing corporations to amend their articles of incorporation by April 1, 1996 if needed to comply.
United States — Arizona
1 provisions
This section defines several terms used in the chapter, including bank, corporation, deputy director of financial institutions, member, shareholder, and shares.
United States — Arizona
1 provisions
This section says a corporation formed under this chapter is to promote Arizona’s business prosperity and economic welfare and support new, existing, and expanding businesses.
United States — Arizona
1 provisions
A corporation formed under this chapter has broad general powers, including borrowing, lending, acquiring property and securities, and working with government agencies, but these powers are subject to the chapter’s restrictions.
United States — Arizona
1 provisions
A corporation must have capital stock of at least $100,000, evidenced by shares with a par value of at least $10 each.
United States — Arizona
1 provisions
Members may be entitled to treat a corporation’s notes as legal investments, but they must lend funds when called under the loan agreement and follow the section’s loan and indebtedness limits.
United States — Arizona
1 provisions
Most business entities in the state may buy, hold, sell, and otherwise deal in corporate securities and stock, and may exercise ownership rights without approval from a state regulatory authority.
United States — Arizona
1 provisions
A temporary board of directors runs the corporation’s affairs until a board is elected under section 10-2258.
United States — Arizona
1 provisions
The corporation’s affairs must be run by a 15-person board, with all directors at least 18 and U.S. citizens.
United States — Arizona
1 provisions
Five or more state residents may form a corporation if each buys at least one share. A formed corporation may amend its articles only after the required approval by the deputy director of financial institutions before filing.
United States — Arizona
1 provisions
The deputy director of financial institutions must review articles of incorporation, approve or disapprove them within 60 days, and notify incorporators if disapproved. If approved, the articles can be filed with the corporation commission; if disapproved, incorporators may refile after fixing defects.
United States — Arizona
1 provisions
A corporation formed under this chapter may not start doing business until it certifies to the deputy director of financial institutions that at least $100,000 has been paid into its treasury from stock sold at par value.
United States — Arizona
1 provisions
A corporation must set aside all net earnings each year as earned surplus until it reaches the required minimum, keep that surplus in the specified safe forms, rebuild it if impaired, and directors may declare dividends only after required reserves are set aside.