Arizona § 10-2702 Duties of director

Arizona Statutes

§ 10-2702 — Duties of director

Arizona § 10-2702

Title 10Arizona Revised Statutes

Ch. 23CORPORATE TAKEOVERS

Art. 1In General

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Bluebook

Ariz. Rev. Stat. Ann. § 10-2702 (2026).

Text

In discharging the duties of the position of director under this chapter, a director of an issuing public corporation, in considering the best interests of the corporation, shall consider the long-term as well as the short-term interests of the corporation and its shareholders including the possibility that these interests may be best served by the continued independence of the corporation. This section does not modify the duties of the position of director in any matter outside the scope of this chapter and does not limit the ability of a director to consider any other factor permitted by section 10-830, subsection D.

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In discharging the duties of the position of director under this chapter, a director of an issuing public corporation, in considering the best interests of the corporation, shall consider the long-term as well as the short-term interests of the corporation and its shareholders including the possibility that these interests may be best served by the continued independence of the corporation. This section does not modify the duties of the position of director in any matter outside the scope of this chapter and does not limit the ability of a director to consider any other factor permitted by section 10-830, subsection D.