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Arizona Arizona Revised Statutes

§ 10-2702 — Duties of director

ARS § 10-2702Title 10. Corporations and Associations · Ch. 23. CORPORATE TAKEOVERS · Art. 1. In General

Statute text

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10-2702. Duties of director In discharging the duties of the position of director under this chapter, a director of an issuing public corporation, in considering the best interests of the corporation, shall consider the long-term as well as the short-term interests of the corporation and its shareholders including the possibility that these interests may be best served by the continued independence of the corporation. This section does not modify the duties of the position of director in any matter outside the scope of this chapter and does not limit the ability of a director to consider any other factor permitted by section 10-830, subsection D.

Source: Arizona Arizona Revised Statutes § 10-2702 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.