10-2010. Appraisal of interest and payment upon withdrawal or expulsion of member
37 words·~1 min read·
/az/title-10/10-2010A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.