Arizona § 10-622 Liability of subscribers and shareholders

Arizona Statutes

§ 10-622 — Liability of subscribers and shareholders

Arizona § 10-622

Title 10Arizona Revised Statutes

Ch. 6SHARES AND DISTRIBUTIONS

Art. 2Issuance of Shares

This text of Arizona § 10-622 (Liability of subscribers and shareholders) 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. § 10-622 (2026).

Text

A.A purchaser from a corporation of its own shares is not liable to the corporation or its creditors with respect to the shares except to pay the full consideration for which the shares were authorized to be issued pursuant to section 10-621 or specified in the subscription agreement pursuant to section 10-620.

B.A shareholder of a corporation is not personally liable for the acts or debts of the corporation.

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A. A purchaser from a corporation of its own shares is not liable to the corporation or its creditors with respect to the shares except to pay the full consideration for which the shares were authorized to be issued pursuant to section 10-621 or specified in the subscription agreement pursuant to section 10-620.

B. A shareholder of a corporation is not personally liable for the acts or debts of the corporation.