Arizona Revised Statutes - Title 10 Corporations and Associations - Section 10-1505 Effect of grant of authority
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10-1505. Effect of grant of authority
A. A grant of authority to transact business authorizes the foreign corporation to
transact business in this state subject to the right of this state to revoke the grant of
authority as provided in chapters 1 through 17 of this title.
B. A foreign corporation with a valid grant of authority has the same but no
greater rights and has the same but no greater privileges as and except as otherwise
provided by chapters 1 through 17 of this title and is subject to the same duties,
restrictions, penalties and liabilities now or later imposed on a domestic corporation of
like character.
C. Chapters 1 through 17 of this title do not authorize this state to regulate the
organization or internal affairs of a foreign corporation authorized to transact business
in this state.
Sections: 10-1501 10-1502 10-1503 10-1504 10-1505 10-1506 10-1507 10-1508 10-1509 10-1510 10-1520 10-1521 10-1530 10-1531
Last modified: February 19, 2012
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