Arizona § 10-2107 Merger, interest exchange, conversion, domestication or division; definitions

Arizona Statutes

§ 10-2107 — Merger, interest exchange, conversion, domestication or division; definitions

Arizona § 10-2107

Title 10Arizona Revised Statutes

Ch. 19NOT FOR PROFIT CORPORATIONS AND ASSOCIATIONS, COOPERATIVES AND FRATERNAL AND BENEVOLENT SOCIETIES

Art. 3Fraternal and Benevolent Societies

This text of Arizona § 10-2107 (Merger, interest exchange, conversion, domestication or division; 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. § 10-2107 (2026).

Text

A.A fraternal or benevolent society 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.For the purposes of this section, references in chapter 34 of this title to "directors" are deemed references to trustees, and references to a "corporation" are deemed references to a fraternal or benevolent society.

C.If a fraternal or benevolent society governed by this article is to be created in a merger, a conversion, a domestication or a division:

1.The initial members of the society must be members of the type described in section 10-2101.

2.The trustees of the society must be members of the society and must be not less than three nor more than nine in nu

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A. A fraternal or benevolent society 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. For the purposes of this section, references in chapter 34 of this title to "directors" are deemed references to trustees, and references to a "corporation" are deemed references to a fraternal or benevolent society.

C. If a fraternal or benevolent society governed by this article is to be created in a merger, a conversion, a domestication or a division:

1. The initial members of the society must be members of the type described in section 10-2101.

2. The trustees of the society must be members of the society and must be not less than three nor more than nine in number in accordance with section 10-2101.

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.