Arizona § 10-2252 Purposes

Arizona Statutes

§ 10-2252 — Purposes

Arizona § 10-2252

Title 10Arizona Revised Statutes

Ch. 21BUSINESS DEVELOPMENT CORPORATIONS

Art. 1Formation and Operation

This text of Arizona § 10-2252 (Purposes) 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. § 10-2252 (2026).

Text

The purposes of a corporation formed under the terms of this chapter shall be to:

1.Assist, promote, encourage and, through the cooperative efforts of the shareholders and the members of the corporation, develop and advance the business prosperity and economic welfare of Arizona.

2.Encourage and assist in the location of new business and industry in Arizona.

3.Rehabilitate existing business and industry in Arizona.

4.Stimulate and assist in the expansion of all kinds of business activity which will tend to promote the business development and maintain the economic stability of the state, provide maximum opportunities for employment, encourage thrift, and improve the standard of living of the citizens of the state.

5.Cooperate and act in conjunction with other organizations, publi

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

The purposes of a corporation formed under the terms of this chapter shall be to:

1. Assist, promote, encourage and, through the cooperative efforts of the shareholders and the members of the corporation, develop and advance the business prosperity and economic welfare of Arizona.

2. Encourage and assist in the location of new business and industry in Arizona.

3. Rehabilitate existing business and industry in Arizona.

4. Stimulate and assist in the expansion of all kinds of business activity which will tend to promote the business development and maintain the economic stability of the state, provide maximum opportunities for employment, encourage thrift, and improve the standard of living of the citizens of the state.

5. Cooperate and act in conjunction with other organizations, public or private, the objects of which are the promotion and advancement of industrial, commercial, agricultural or recreational development of the state.

6. Furnish money and credit to approved and deserving applicants for the promotion, development and conduct of all kinds of business activity in the state, thereby establishing a source of capital and credit not otherwise readily available therefor.