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.
10-1810 - Definition of relative rights of capital units
10-1810. Definition of relative rights of capital units
"Relative rights of capital units" means all the rights, privileges, obligations and duties of the capital units and may include, but are not limited to, disproportionate variations of the following:
1. Participation in dividends or distributions from operating income.
2. Participation in dividends or distributions from income other than operating income.
3. Participation in distributions of the proceeds of a sale of all or substantially all of the assets of the corporation with further disproportionate variation depending upon the degree of gain or loss.
4. Participation in distributions upon liquidation or dissolution.
5. Voting rights.
6. Restrictions or limitations on transfer.
7. The obligation to perform services or provide goods or other property to the corporation.
8. The obligation to devote time and energies which are collateral to corporate purposes.