2015 Arizona Revised Statutes
Title 10 - Corporations and Associations
§ 10-2026 Merger, interest exchange, conversion, domestication or division; definitions
10-2026. Merger, interest exchange, conversion, domestication or division; definitions
A. A domestic cooperative marketing association may be a party to or otherwise undertake a merger, an interest exchange, a conversion, a domestication or a division by complying with chapter 34 of this title and title 29, chapter 6.
B. If a domestic cooperative marketing association is to be created in a merger, a conversion, a domestication or a division, the initial members of the association must consist of five or more persons engaged in the production of agricultural products in accordance with section 10-2003, subsection A.
C. For the purposes of this section, references in chapter 34 of this title to a " corporation" are deemed references to a domestic cooperative marketing association.
D. For the purposes of this section:
1. " Conversion" means a transaction authorized by title 29, chapter 6, article 4.
2. " Division" means a transaction authorized by title 29, chapter 6, article 6.
3. " Domestication" means a transaction authorized by title 29, chapter 6, article 5.
4. " Interest exchange" means a transaction authorized by title 29, chapter 6, article 3.
5. " Merger" means a transaction authorized by title 29, chapter 6, article 2.
Disclaimer: These codes may not be the most recent version. Arizona may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
