Arizona § 10-11031 Amendment terminating members or redeeming or canceling memberships

Arizona Statutes

§ 10-11031 — Amendment terminating members or redeeming or canceling memberships

Arizona·Title 10 Arizona Revised Statutes·Ch. 33 AMENDMENT OF ARTICLES OF INCORPORATION AND BYLAWS-NONPROFIT CORPORATIONS·Art. 3 Articles of Incorporation and Bylaws

A.Any amendment to the articles of incorporation or bylaws of a corporation that terminates all members or any class of members or redeems or cancels all memberships or any class of memberships shall be adopted in accordance with section 10-11002, 10-11003, 10-11020 or 10-11021, as applicable, and this section.

B.The members shall approve any amendment described in subsection A of this section by two-thirds of the votes cast by each class.

C.The provisions of section 10-3621 do not apply to any amendment described in subsection A of this section.

Free access — add to your briefcase to read the full text and ask questions with AI

A. Any amendment to the articles of incorporation or bylaws of a corporation that terminates all members or any class of members or redeems or cancels all memberships or any class of memberships shall be adopted in accordance with section 10-11002, 10-11003, 10-11020 or 10-11021, as applicable, and this section.

B. The members shall approve any amendment described in subsection A of this section by two-thirds of the votes cast by each class.

C. The provisions of section 10-3621 do not apply to any amendment described in subsection A of this section.

Arizona § 10-11031 (Amendment terminating members or redeeming or canceling memberships) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.