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Arizona Arizona Revised Statutes

§ 10-2266 — Dissolution or liquidation

ARS § 10-2266Title 10. Corporations and Associations · Ch. 21. BUSINESS DEVELOPMENT CORPORATIONS · Art. 1. Formation and Operation

Statute text

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10-2266. Dissolution or liquidation In the event of dissolution or liquidation of a corporation none of the corporation's assets shall be distributed to the shareholders until all sums due the members of the corporation as creditors have been paid in full.

Source: Arizona Arizona Revised Statutes § 10-2266 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.