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2021 Arizona Revised Statutes
Title 10 - Corporations and Associations
§ 10-3622 - Purchase of memberships
Universal Citation:
AZ Rev Stat § 10-3622 (2021)
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10-3622. Purchase of memberships
Except as provided in the articles of incorporation or bylaws, a corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions set forth in or authorized by its articles of incorporation or bylaws. A corporation shall not make a payment that violates section 10-11301 or 10-11302.
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