Arizona Revised Statutes - Title 10 Corporations and Associations - Section 10-1802 Definitions
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10-1802. Definitions
In this article, unless the context otherwise requires:
1. "Capital units" means the proportions of the proprietary interest in the
corporation owned by the investors.
2. "Commission" means the Arizona corporation commission.
3. "Corporation" or "close corporation" means a corporation for profit organized
pursuant to the provisions of this article.
4. "Good faith" or "in good faith" means an act or thing done when it is in fact
done honestly, whether it be done negligently or not.
5. "Investor" means one who is the owner of capital units in a close corporation.
6. "Manager" means the person or persons named in the articles of incorporation
either originally or by amendment thereto in the capacity of manager or assistant manager
and does not include any person who is not so named.
Sections: 10-1801 10-1802 10-1803 10-1804 10-1805 10-1806 10-1807 10-1808 10-1809 10-1810 10-1811 10-1812 10-1813 10-1814 10-1815
Last modified: February 19, 2012
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