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Arizona Arizona Revised Statutes

§ 10-2264 — Members as agents for corporations

ARS § 10-2264Title 10. Corporations and Associations · Ch. 21. BUSINESS DEVELOPMENT CORPORATIONS · Art. 1. Formation and Operation

Statute text

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10-2264. Members as agents for corporations A corporation may by contract authorize and empower any member to act as agent for the corporation in the carrying out of the purposes for which such corporation was formed and to render to the corporation such administrative auditing, collecting and other related fiscal services as shall be deemed by the directors necessary for the proper and efficient operation and management of the corporation.

Source: Arizona Arizona Revised Statutes § 10-2264 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.