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2010 Arizona Revised Statutes
Title 10 - Corporations and Associations
10-2010 Appraisal of interest and payment upon withdrawal or expulsion of member

10-2010. Appraisal of interest and payment upon withdrawal or expulsion of member

If a member withdraws or is expelled, the board of directors shall, within three years after withdrawal or expulsion, equitably appraise his property interest in the association and pay him for that interest. The appraisal is conclusive.

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