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Arizona Arizona Revised Statutes

§ 10-3801 — Requirement for and duties of board

ARS § 10-3801Title 10. Corporations and Associations · Ch. 31. DIRECTORS AND OFFICERS-NONPROFIT CORPORATIONS · Art. 1. Board of Directors

Statute text

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10-3801. Requirement for and duties of board A. Each corporation shall have a board of directors. B. All corporate powers shall be exercised by or under the authority of and the affairs of the corporation shall be managed under the direction of its board of directors, subject to any limitation set forth in the articles of incorporation. C. The articles of incorporation may authorize one or more members, delegates or other persons to exercise some or all of the powers which would otherwise be exercised by a board. To the extent so authorized the authorized person or persons shall have the duties and responsibilities of the directors, and the directors shall be relieved to that extent from those duties and responsibilities.

Source: Arizona Arizona Revised Statutes § 10-3801 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.