2018 Arizona Revised Statutes
Title 10 - Corporations and Associations
§ 10-2240 Merger, interest exchange, conversion, domestication or division; definitions
10-2240. Merger, interest exchange, conversion, domestication or division; definitions
A. A domestic professional corporation 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 professional corporation is to be created in a merger, a conversion, a domestication or a division, the shareholders of the corporation must be qualified to be shareholders as provided in this chapter.
C. 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.
