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Arizona Arizona Revised Statutes

§ 10-3622 — Purchase of memberships

ARS § 10-3622Title 10. Corporations and Associations · Ch. 29. MEMBERS AND MEMBERSHIP-NONPROFIT CORPORATIONS · Art. 3. Resignation and Termination

Statute text

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10-3622. Purchase of memberships Except as provided in the articles of incorporation or bylaws, a corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions set forth in or authorized by its articles of incorporation or bylaws. A corporation shall not make a payment that violates section 10-11301 or 10-11302.

Source: Arizona Arizona Revised Statutes § 10-3622 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.