2020 Arizona Revised Statutes
Title 10 - Corporations and Associations
§ 10-2201 Definitions

10-2201. Definitions

In this chapter, unless the context otherwise requires:

1. " Disqualified person" means an individual or entity that is not or ceases to be a qualified person.

2. " Foreign professional corporation" means a corporation or association for profit incorporated for the purpose of rendering professional services under a law other than the law of this state.

3. " License" or " licensed" means any license, authorization, certificate, registration, certificate of registration, membership or other evidence of the satisfaction of the requirements of this state for the practice of a professional service.

4. " Licensing authority" means the officer, board, agency, court or other authority in this state empowered by law to license or otherwise authorize the rendition of a professional service.

5. " Professional corporation" or " domestic professional corporation" means a corporation for profit that is not a foreign professional corporation and that is incorporated under or subject to this chapter.

6. " Professional service" means a service that may be lawfully rendered only by a person licensed or otherwise authorized by a licensing authority in this state to render the service.

7. " Qualified person" means a person that is eligible under this chapter to be issued shares by a professional corporation.

8. " Voting shares" means shares entitled to vote for election of directors of the professional corporation.