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Arizona Arizona Revised Statutes

§ 10-1811 — Changes in investor relationships

ARS § 10-1811Title 10. Corporations and Associations · Ch. 18. MISCELLANEOUS PROVISIONS AND CORPORATIONS · Art. 1. Close Corporations

Statute text

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10-1811. Changes in investor relationships Any redemption, termination or cancellation of capital units, acquisition of capital units by the corporation, issuance of additional units or change in the relative rights of capital units other than transfers or encumbrances provided for in section 10-1809 shall be effective only upon an amendment of the articles of incorporation. The unanimous vote of all outstanding capital units shall be required to amend the articles of incorporation to create or to change the relative rights in capital units.

Source: Arizona Arizona Revised Statutes § 10-1811 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.