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§ 10-2240 Merger, interest exchange, conversion, domestication or division; definitions

AZ Rev Stat § 10-2240 (2019) (N/A)
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10-2240. Merger, interest exchange, conversion, domestication or division; definitions

A. A domestic professional corporation may be a party to or otherwise undertake a merger, an interest exchange, a conversion, a domestication or a division by complying with chapters 11 and 13 of this title and title 29, chapter 6.

B. If a domestic professional corporation is to be created in a merger, a conversion, a domestication or a division, the shareholders of the corporation must be qualified to be shareholders as provided in this chapter.

C. For the purposes of this section:

1. " Conversion" means a transaction authorized by title 29, chapter 6, article 4.

2. " Division" means a transaction authorized by title 29, chapter 6, article 6.

3. " Domestication" means a transaction authorized by title 29, chapter 6, article 5.

4. " Interest exchange" means a transaction authorized by title 29, chapter 6, article 3.

5. " Merger" means a transaction authorized by title 29, chapter 6, article 2.

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