10-11909. Merger, interest exchange, conversion, domestication or division; definitions
209 words·~1 min read·
/az/title-10/10-11909A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. A domestic corporation sole may be a party to or otherwise undertake a merger, an interest exchange, a conversion, a domestication or a division by complying with chapter 34 of this title and title 29, chapter 6.
B. If a domestic corporation sole is to be created in a merger, a conversion, a domestication or a division:
1. The only member and director of the corporation must be the person comprising the corporation sole in accordance with sections 10-11901 and 10-11908.
2. The articles of incorporation must be recorded as provided by section 10-11902.
C. For the purposes of this section, references in chapter 34 of this title to "directors" or "members" are deemed references to the person who is a corporation sole and references to a "corporation" are deemed references to a corporation sole.
D. 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.