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Arizona Arizona Revised Statutes

§ 10-3630 — Definitions

ARS § 10-3630Title 10. Corporations and Associations · Ch. 29. MEMBERS AND MEMBERSHIP-NONPROFIT CORPORATIONS · Art. 4. Derivative Suits

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10-3630. Definitions In this article, unless the context otherwise requires: 1. "Derivative proceeding" means a civil suit in the right of a domestic corporation or, to the extent provided in section 10-3637, in the right of a foreign corporation. 2. "Independent person" means a person with no personal interest in the transaction and no personal or other relationship which influences the person.

Source: Arizona Arizona Revised Statutes § 10-3630 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.