Arizona § 10-740 Definitions

Arizona Statutes

§ 10-740 — Definitions

Arizona § 10-740

Title 10Arizona Revised Statutes

Ch. 7SHAREHOLDERS

Art. 4Derivative Proceedings

This text of Arizona § 10-740 (Definitions) 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. § 10-740 (2026).

Text

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.