Arizona § 10-1802 Definitions

Arizona Statutes

§ 10-1802 — Definitions

Arizona § 10-1802

Title 10Arizona Revised Statutes

Ch. 18MISCELLANEOUS PROVISIONS AND CORPORATIONS

Art. 1Close Corporations

This text of Arizona § 10-1802 (Definitions) 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. § 10-1802 (2026).

Text

In this article, unless the context otherwise requires:

1."Capital units" means the proportions of the proprietary interest in the corporation owned by the investors.

2."Commission" means the Arizona corporation commission.

3."Corporation" or "close corporation" means a corporation for profit organized pursuant to the provisions of this article.

4."Good faith" or "in good faith" means an act or thing done when it is in fact done honestly, whether it be done negligently or not.

5."Investor" means one who is the owner of capital units in a close corporation.

6."Manager" means the person or persons named in the articles of incorporation either originally or by amendment thereto in the capacity of manager or assistant manager and does not include any person who is not so named.

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In this article, unless the context otherwise requires:

1. "Capital units" means the proportions of the proprietary interest in the corporation owned by the investors.

2. "Commission" means the Arizona corporation commission.

3. "Corporation" or "close corporation" means a corporation for profit organized pursuant to the provisions of this article.

4. "Good faith" or "in good faith" means an act or thing done when it is in fact done honestly, whether it be done negligently or not.

5. "Investor" means one who is the owner of capital units in a close corporation.

6. "Manager" means the person or persons named in the articles of incorporation either originally or by amendment thereto in the capacity of manager or assistant manager and does not include any person who is not so named.