Arizona Arizona Revised Statutes
§ 10-2240 — Merger, interest exchange, conversion, domestication or division; definitions
ARS § 10-2240Title 10. Corporations and Associations · Ch. 20. PROFESSIONAL CORPORATIONS · Art. 5. Reorganization and Termination
Statute text
View on source10-2240. Merger, interest exchange, conversion, domestication or division; definitions A. A domestic professional corporation may be a party to or otherwise undertake a merger, an interest exchange, a conversion, a domestication or a division by complying with chapters 11 and 13 of this title and title 29, chapter 6. B. If a domestic professional corporation is to be created in a merger, a conversion, a domestication or a division, the shareholders of the corporation must be qualified to be shareholders as provided in this chapter. C. For the purposes of this section: 1. "Conversion" means a transaction authorized by title 29, chapter 6, article 4. 2. "Division" means a transaction authorized by title 29, chapter 6, article 6. 3. "Domestication" means a transaction authorized by title 29, chapter 6, article 5. 4. "Interest exchange" means a transaction authorized by title 29, chapter 6, article 3. 5. "Merger" means a transaction authorized by title 29, chapter 6, article 2.