Arizona § 10-2231 Voting of shares

Arizona Statutes

§ 10-2231 — Voting of shares

Arizona § 10-2231

Title 10Arizona Revised Statutes

Ch. 20PROFESSIONAL CORPORATIONS

Art. 4Governance

This text of Arizona § 10-2231 (Voting of 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. § 10-2231 (2026).

Text

A.Only a qualified person may be appointed a proxy to vote any voting shares of a professional corporation.

B.A voting trust with respect to voting shares of a professional corporation is not valid unless all of its trustees and beneficiaries are qualified persons. If a trustee or beneficiary who is a qualified person dies or dissolves and the person to whom the trusteeship or beneficial interest is to devolve is not a person to whom section 10-2222 would permit the shares held by the trust to be transferred or a trustee or beneficiary becomes disqualified, a voting trust valid under this subsection continues to be valid for ten months after the date of death or for five months after the disqualification occurred.

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A. Only a qualified person may be appointed a proxy to vote any voting shares of a professional corporation.

B. A voting trust with respect to voting shares of a professional corporation is not valid unless all of its trustees and beneficiaries are qualified persons. If a trustee or beneficiary who is a qualified person dies or dissolves and the person to whom the trusteeship or beneficial interest is to devolve is not a person to whom section 10-2222 would permit the shares held by the trust to be transferred or a trustee or beneficiary becomes disqualified, a voting trust valid under this subsection continues to be valid for ten months after the date of death or for five months after the disqualification occurred.