Title 10 - Corporations and Associations

Chapter 33, Amendment of Articles of Incorporation and Bylaws - Nonprofit Corporations , Sec. 10-11001-10-11031

Amendment terminating members or redeeming or canceling memberships

Article 3, Articles of Incorporation and Bylaws, § 10-11031

Source: Arizona Revised Statutes

  1. Any amendment to the articles of incorporation or bylaws of a corporation that terminates all members or any class of members or redeems or cancels all memberships or any class of memberships shall be adopted in accordance with section 10-11002, 10-11003, 10-11020 or 10-11021, as applicable, and this section.
  2. The members shall approve any amendment described in subsection A of this section by two-thirds of the votes cast by each class.
  3. The provisions of section 10-3621 do not apply to any amendment described in subsection A of this section.

Also in: Chapter 33, Sec. 10-11001-10-11031

View all Nonprofit Corporation Act statutes.

Source: This content is sourced from the online version of the Arizona Revised Statutes located at www.azleg.gov.

Disclaimer: These statutes are provided as a courtesy by CHDB Law LLP. CHDB Law cannot guarantee that the statutes set forth on the website or in our published guide will not be found to be defective by a court or other tribunal after the date the books or online material are published. The HOA Knowledge Base does not attempt to include every statute that could apply to a community association issue. There may be other statutes or applicable laws that have a bearing on a particular legal issue confronted by a community association. These statutes are provided as a reference only. If a particular legal issue is confronted by a community association, the association should seek legal advice from competent attorneys.

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