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Arizona Arizona Revised Statutes

§ 10-603 — Issued and outstanding shares

ARS § 10-603Title 10. Corporations and Associations · Ch. 6. SHARES AND DISTRIBUTIONS · Art. 1. Shares

Statute text

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10-603. Issued and outstanding shares A. A corporation may issue the number of shares of each class or series authorized by the articles of incorporation. Shares that are issued are outstanding shares until they are reacquired, redeemed, converted or canceled. B. The reacquisition, redemption or conversion of outstanding shares is subject to the limitations of subsection C of this section and to section 10-640. C. At all times that shares of the corporation are outstanding, one or more shares that together have unlimited voting rights and one or more shares that together are entitled to receive the net assets of the corporation on dissolution must be outstanding.

Source: Arizona Arizona Revised Statutes § 10-603 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.