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.
DISCLAIMER
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.
A. This chapter applies only to issuing public corporations and to corporations which elect pursuant to subsection C of this section to be subject to:
1. All of the provisions of this article.
2. All of the provisions of article 2 of this chapter.
3. All of the provisions of article 3 of this chapter.
4. Any combination of paragraph 1, 2 or 3.
B. A corporation may not elect to be subject to less than all of the provisions in any article of this chapter. A corporation which elects to be subject to all or part of this chapter pursuant to subsection C of this section, for purposes of applying the provisions of this chapter or part of this chapter, shall be deemed an issuing public corporation.
C. An election by a corporation pursuant to subsection A of this section must be contained either:
1. In its articles of incorporation at the time of incorporation.
2. In an amendment to its articles of incorporation or bylaws which is approved by the shareholders holding a majority of the outstanding voting power of all shares.