Arizona § 10-2241 Termination of professional corporation status

Arizona Statutes

§ 10-2241 — Termination of professional corporation status

Arizona § 10-2241

Title 10Arizona Revised Statutes

Ch. 20PROFESSIONAL CORPORATIONS

Art. 5Reorganization and Termination

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Bluebook

Ariz. Rev. Stat. Ann. § 10-2241 (2026).

Text

A.If a professional corporation ceases to render professional services or otherwise elects to terminate its professional corporation status, it shall amend its articles of incorporation to:

1.Delete references to rendering professional services, unless as described in section 10-2213 the services may be rendered in the business corporation form.

2.Delete references to it being a professional corporation.

3.Conform its corporation name to the requirements of section 10-401.

B.After the amendment becomes effective, the corporation may continue in existence as a business corporation under chapters 1 through 17 of this title and it is no longer subject to this chapter.

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A. If a professional corporation ceases to render professional services or otherwise elects to terminate its professional corporation status, it shall amend its articles of incorporation to:

1. Delete references to rendering professional services, unless as described in section 10-2213 the services may be rendered in the business corporation form.

2. Delete references to it being a professional corporation.

3. Conform its corporation name to the requirements of section 10-401.

B. After the amendment becomes effective, the corporation may continue in existence as a business corporation under chapters 1 through 17 of this title and it is no longer subject to this chapter.