Arizona § 10-603 Issued and outstanding shares

Arizona Statutes

§ 10-603 — Issued and outstanding shares

Arizona § 10-603

Title 10Arizona Revised Statutes

Ch. 6SHARES AND DISTRIBUTIONS

Art. 1Shares

This text of Arizona § 10-603 (Issued and outstanding shares) 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. § 10-603 (2026).

Text

A.A corporation may issue the number of shares of each class or series authorized by the articles of incorporation. Shares that are issued are outstanding shares until they are reacquired, redeemed, converted or canceled.

B.The reacquisition, redemption or conversion of outstanding shares is subject to the limitations of subsection C of this section and to section 10-640.

C.At all times that shares of the corporation are outstanding, one or more shares that together have unlimited voting rights and one or more shares that together are entitled to receive the net assets of the corporation on dissolution must be outstanding.

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

A. A corporation may issue the number of shares of each class or series authorized by the articles of incorporation. Shares that are issued are outstanding shares until they are reacquired, redeemed, converted or canceled.

B. The reacquisition, redemption or conversion of outstanding shares is subject to the limitations of subsection C of this section and to section 10-640.

C. At all times that shares of the corporation are outstanding, one or more shares that together have unlimited voting rights and one or more shares that together are entitled to receive the net assets of the corporation on dissolution must be outstanding.