Arizona § 10-2240 Merger, interest exchange, conversion, domestication or division; definitions

Arizona Statutes

§ 10-2240 — Merger, interest exchange, conversion, domestication or division; definitions

Arizona § 10-2240

Title 10Arizona Revised Statutes

Ch. 20PROFESSIONAL CORPORATIONS

Art. 5Reorganization and Termination

This text of Arizona § 10-2240 (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. § 10-2240 (2026).

Text

A.A domestic professional corporation may be a party to or otherwise undertake a merger, an interest exchange, a conversion, a domestication or a division by complying with chapters 11 and 13 of this title and title 29, chapter 6.

B.If a domestic professional corporation is to be created in a merger, a conversion, a domestication or a division, the shareholders of the corporation must be qualified to be shareholders as provided in this chapter.

C.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 ti

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A. A domestic professional corporation may be a party to or otherwise undertake a merger, an interest exchange, a conversion, a domestication or a division by complying with chapters 11 and 13 of this title and title 29, chapter 6.

B. If a domestic professional corporation is to be created in a merger, a conversion, a domestication or a division, the shareholders of the corporation must be qualified to be shareholders as provided in this chapter.

C. 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.