Arizona Statutes
§ 10-11302 — Authorized distributions
Arizona § 10-11302
JurisdictionArizona
Title 10Arizona Revised Statutes
Ch. 36DISTRIBUTIONS-NONPROFIT CORPORATIONS
Art. 1General Provisions
This text of Arizona § 10-11302 (Authorized distributions) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ariz. Rev. Stat. Ann. § 10-11302 (2026).
Text
A.A corporation may purchase its memberships if after the purchase is completed both:
1.The corporation would be able to pay its debts as the debts become due in the usual course of its activities.
2.The corporation's total assets would at least equal the sum of its total liabilities.
B.A corporation may make distributions on dissolution that conform to chapter 37 of this title.
C.A corporation may make distributions to members who are domestic or foreign nonprofit corporations if after the distribution is made both:
1.The corporation would be able to pay its debts as the debts become due in the usual course of its activities.
2.The corporation's total assets would at least equal the sum of its total liabilities.
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Nearby Sections
15
§ 10-1001
Authority to amend§ 10-1002
Amendment by board of directors§ 10-1005
Amendment before issuance of shares§ 10-1006
Articles of amendment§ 10-1007
Restated articles of incorporation§ 10-1008
Amendment pursuant to reorganization§ 10-1009
Effect of amendments§ 10-11001
Authority to amend§ 10-11002
Amendment by board of directorsCite This Page — Counsel Stack
Bluebook (online)
Arizona § 10-11302, Counsel Stack Legal Research, https://law.counselstack.com/statute/az/10-11302.