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

Arizona Statutes

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

Arizona·Title 10 Arizona Revised Statutes·Ch. 20 PROFESSIONAL CORPORATIONS·Art. 5 Reorganization and Termination

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.

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