Arizona § 10-740 Definitions

Arizona Statutes

§ 10-740 — Definitions

Arizona·Title 10 Arizona Revised Statutes·Ch. 7 SHAREHOLDERS·Art. 4 Derivative Proceedings

In this article, unless the context otherwise requires:

1."Derivative proceeding" means a civil suit in the right of a domestic corporation or, to the extent provided in section 10-747, in the right of a foreign corporation.

2."Independent person" means a person with no personal interest in the transaction and no personal or other relationship which influences the person.

3."Shareholder" includes a beneficial owner whose shares are held in a voting trust or are held by a nominee on the beneficial owner's behalf.

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In this article, unless the context otherwise requires:

1. "Derivative proceeding" means a civil suit in the right of a domestic corporation or, to the extent provided in section 10-747, in the right of a foreign corporation.

2. "Independent person" means a person with no personal interest in the transaction and no personal or other relationship which influences the person.

3. "Shareholder" includes a beneficial owner whose shares are held in a voting trust or are held by a nominee on the beneficial owner's behalf.

Arizona § 10-740 (Definitions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.