Arizona § 40-1114 Authority subject to law and regulations; nonprofit status

Arizona Statutes

§ 40-1114 — Authority subject to law and regulations; nonprofit status

Arizona·Title 40 Arizona Revised Statutes·Ch. 6 URBAN MASS TRANSPORTATION SYSTEMS·Art. 2 Metropolitan Public Transit Authorities

A.An authority shall be subject, in the operation of its transportation facilities and equipment, to the laws and regulations of the state of Arizona and of the applicable municipalities relating to traffic and operation of vehicles on the streets and highways of the state and of the municipalities.

B.The corporation shall be a nonprofit enterprise, and no part of its net earnings remaining after payment of its expenses shall inure to the benefit of any individual, firm or corporation.

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A. An authority shall be subject, in the operation of its transportation facilities and equipment, to the laws and regulations of the state of Arizona and of the applicable municipalities relating to traffic and operation of vehicles on the streets and highways of the state and of the municipalities.

B. The corporation shall be a nonprofit enterprise, and no part of its net earnings remaining after payment of its expenses shall inure to the benefit of any individual, firm or corporation.

Arizona § 40-1114 (Authority subject to law and regulations; nonprofit status) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.