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Arizona Arizona Revised Statutes

§ 10-1810 — Definition of relative rights of capital units

ARS § 10-1810Title 10. Corporations and Associations · Ch. 18. MISCELLANEOUS PROVISIONS AND CORPORATIONS · Art. 1. Close Corporations

Statute text

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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. 9. Assessments, if any.

Source: Arizona Arizona Revised Statutes § 10-1810 from the Arizona Revised Statutes (Arizona State Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.