Arizona § 10-2261 Authorization to commence business

Arizona Statutes

§ 10-2261 — Authorization to commence business

Arizona § 10-2261

Title 10Arizona Revised Statutes

Ch. 21BUSINESS DEVELOPMENT CORPORATIONS

Art. 1Formation and Operation

This text of Arizona § 10-2261 (Authorization to commence business) 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. § 10-2261 (2026).

Text

A corporation formed under this chapter shall not begin the transaction of any business, except such as is incident to its organization or to the obtaining of members of subscriptions to or payment for its shares, until it certifies to the deputy director of financial institutions that there has been paid into the corporate treasury a minimum of $100,000 from the sale at par value of the capital stock of the corporation.

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A corporation formed under this chapter shall not begin the transaction of any business, except such as is incident to its organization or to the obtaining of members of subscriptions to or payment for its shares, until it certifies to the deputy director of financial institutions that there has been paid into the corporate treasury a minimum of $100,000 from the sale at par value of the capital stock of the corporation.