10-3622. Purchase of memberships
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/az/title-10/10-3622A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.