Arizona § 10-831 Standards of liability for directors; presumption

Arizona Statutes

§ 10-831 — Standards of liability for directors; presumption

Arizona § 10-831

Title 10Arizona Revised Statutes

Ch. 8DIRECTORS AND OFFICERS

Art. 3Standards of Conduct

This text of Arizona § 10-831 (Standards of liability for directors; presumption) 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. § 10-831 (2026).

Text

A director is not liable for any action taken as a director or any failure to take any action if the director's duties were performed in compliance with section 10-830. In any proceeding commenced under this chapter, a director has all of the defenses and presumptions ordinarily available to a director.  A director is presumed in all cases to have acted, failed to act or otherwise discharged the director's duties pursuant to section 10-830.  The burden is on the party challenging a director's action, failure to act or other discharge of duties to establish by clear and convincing evidence facts rebutting the presumption.

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A director is not liable for any action taken as a director or any failure to take any action if the director's duties were performed in compliance with section 10-830. In any proceeding commenced under this chapter, a director has all of the defenses and presumptions ordinarily available to a director. A director is presumed in all cases to have acted, failed to act or otherwise discharged the director's duties pursuant to section 10-830. The burden is on the party challenging a director's action, failure to act or other discharge of duties to establish by clear and convincing evidence facts rebutting the presumption.