Arizona § 10-1877 Powers; construction of instrument; binding effect of terms and conditions

Arizona Statutes

§ 10-1877 — Powers; construction of instrument; binding effect of terms and conditions

Arizona § 10-1877

Title 10Arizona Revised Statutes

Ch. 18MISCELLANEOUS PROVISIONS AND CORPORATIONS

Art. 4Business Trusts

This text of Arizona § 10-1877 (Powers; construction of instrument; binding effect of terms and conditions) 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. § 10-1877 (2026).

Text

A.Subject to the provisions of section 10-1878, the powers and authority of any business trust authorized under this article to transact business in this state shall be as specified in the instrument by which it was created, as amended, which instrument shall be construed and interpreted in accordance with the law applicable to such business trust, provided that no business trust shall engage in any activity in this state which would violate the public policy of this state or engage in any business in this state which private corporations for profit organized under the laws of this state may not legally transact.

B.Subject to the limitations on power and authority as provided in subsection A of this section, any person dealing with a business trust authorized under this article to trans

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A. Subject to the provisions of section 10-1878, the powers and authority of any business trust authorized under this article to transact business in this state shall be as specified in the instrument by which it was created, as amended, which instrument shall be construed and interpreted in accordance with the law applicable to such business trust, provided that no business trust shall engage in any activity in this state which would violate the public policy of this state or engage in any business in this state which private corporations for profit organized under the laws of this state may not legally transact.

B. Subject to the limitations on power and authority as provided in subsection A of this section, any person dealing with a business trust authorized under this article to transact business in this state shall be bound by the terms and conditions of the instrument by which the business trust was created and by any amendments thereto which have been filed and recorded in compliance with section 10-1876.