Arizona § 10-11909 Merger, interest exchange, conversion, domestication or division; definitions

Arizona Statutes

§ 10-11909 — Merger, interest exchange, conversion, domestication or division; definitions

Arizona·Title 10 Arizona Revised Statutes·Ch. 42 CORPORATIONS SOLE·Art. 1 General Provisions

A.A domestic corporation sole may be a party to or otherwise undertake a merger, an interest exchange, a conversion, a domestication or a division by complying with chapter 34 of this title and title 29, chapter 6.

B.If a domestic corporation sole is to be created in a merger, a conversion, a domestication or a division:

1.The only member and director of the corporation must be the person comprising the corporation sole in accordance with sections 10-11901 and 10-11908.

2.The articles of incorporation must be recorded as provided by section 10-11902.

C.For the purposes of this section, references in chapter 34 of this title to "directors" or "members" are deemed references to the person who is a corporation sole and references to a "corporation" are deemed references to a corporat

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A. A domestic corporation sole may be a party to or otherwise undertake a merger, an interest exchange, a conversion, a domestication or a division by complying with chapter 34 of this title and title 29, chapter 6.

B. If a domestic corporation sole is to be created in a merger, a conversion, a domestication or a division:

1. The only member and director of the corporation must be the person comprising the corporation sole in accordance with sections 10-11901 and 10-11908.

2. The articles of incorporation must be recorded as provided by section 10-11902.

C. For the purposes of this section, references in chapter 34 of this title to "directors" or "members" are deemed references to the person who is a corporation sole and references to a "corporation" are deemed references to a corporation sole.

D. For the purposes of this section:

1. "Conversion" means a transaction authorized by title 29, chapter 6, article 4.

2. "Division" means a transaction authorized by title 29, chapter 6, article 6.

3. "Domestication" means a transaction authorized by title 29, chapter 6, article 5.

4. "Interest exchange" means a transaction authorized by title 29, chapter 6, article 3.

5. "Merger" means a transaction authorized by title 29, chapter 6, article 2.

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