The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
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This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
10-1803 - Mandatory provisions of articles of incorporation
10-1803. Mandatory provisions of articles of incorporation
A. The articles of incorporation of a close corporation shall set forth:
1. The name of the corporation which shall contain the words "Arizona close corporation" or an abbreviation therefor.
2. The name and address of the manager or managers of the corporation.
3. The names, addresses and amount of initial contribution of capital units of each of the original investors. The number of original investors shall not exceed ten.
4. The aggregate amount in dollars of the initial capital units to be paid to the corporation.
5. The name, address and signature of the corporation's initial statutory agent.
B. It shall not be necessary to set forth in the articles of incorporation any corporate powers or any corporate purposes.