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Arizona Arizona Revised Statutes

§ 10-3621 — Termination, expulsion and suspension

ARS § 10-3621Title 10. Corporations and Associations · Ch. 29. MEMBERS AND MEMBERSHIP-NONPROFIT CORPORATIONS · Art. 3. Resignation and Termination

Statute text

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10-3621. Termination, expulsion and suspension A. No member of a corporation may be expelled or suspended, and no membership or memberships in such a corporation may be terminated or suspended, except pursuant to a procedure that is set forth in the articles of incorporation, bylaws or an agreement between the member and the corporation or a procedure that is otherwise appropriate. B. For purposes of subsection A, a procedure is otherwise appropriate if either: 1. The following are provided:
(a)A written notice at least fifteen days before the expulsion, suspension or termination and the reasons therefor.
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Source: Arizona Arizona Revised Statutes § 10-3621 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.