Arizona Statutes

§ 10-2257 — Temporary board of directors

Arizona·Title 10 Arizona Revised Statutes·Ch. 21 BUSINESS DEVELOPMENT CORPORATIONS·Art. 1 Formation and Operation
Until the election of a board of directors under section 10-2258, all of the affairs of the corporation shall be conducted by a temporary board of directors. The temporary board shall consist of fifteen members who shall all be at least eighteen years of age and citizens of the United States and who shall be designated by incorporators of the corporation in the articles of incorporation. Upon the election and qualification of a board of directors under section 10-2258, the temporary board of directors shall be deemed dissolved.

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

Arizona § 10-2257 (Temporary board of directors) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

15
View on official source ↗