2016 Arizona Revised Statutes
Title 10 - Corporations and Associations
§ 10-1875 Merger, interest exchange, conversion, domestication or division; definitions
10-1875. Merger, interest exchange, conversion, domestication or division; definitions
A. A domestic business trust may be a party to or otherwise undertake a merger, an interest exchange, a conversion, a domestication or a division by complying with chapters 11 and 13 of this title and title 29, chapter 6.
B. If a domestic business trust is to be created in a merger, a conversion, a domestication or a division, the trust must comply with the delivery requirements set forth in section 10-1874, subsections A and B.
C. For the purposes of this section, references in chapters 11 and 13 of this title to:
1. " Corporations" are deemed references to business trusts.
2. " Directors" are deemed references to trustees.
3. " Shareholders" are deemed references to holders of transferable certificates evidencing beneficial interests in the trust estate.
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.
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