Arizona § 10-2227 Cancellation of disqualified shares

Arizona Statutes

§ 10-2227 — Cancellation of disqualified shares

Arizona § 10-2227

Title 10Arizona Revised Statutes

Ch. 20PROFESSIONAL CORPORATIONS

Art. 3Shares

This text of Arizona § 10-2227 (Cancellation of disqualified shares) 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. § 10-2227 (2026).

Text

If the shares of a disqualified shareholder are not acquired pursuant to section 10-2223 within ten months after the death or dissolution of the shareholder or within five months after the disqualification or transfer, the professional corporation shall immediately cancel the shares on its books and the disqualified shareholder shall have no further interest as a shareholder in the corporation other than the right to payment of the price specified in section 10-2223, subsection B.

Free access — add to your briefcase to read the full text and ask questions with AI

If the shares of a disqualified shareholder are not acquired pursuant to section 10-2223 within ten months after the death or dissolution of the shareholder or within five months after the disqualification or transfer, the professional corporation shall immediately cancel the shares on its books and the disqualified shareholder shall have no further interest as a shareholder in the corporation other than the right to payment of the price specified in section 10-2223, subsection B.