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2021 Arizona Revised Statutes
Title 10 - Corporations and Associations
§ 10-2010 - Appraisal of interest and payment upon withdrawal or expulsion of member
Universal Citation:
AZ Rev Stat § 10-2010 (2021)
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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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