43-242. Change of taxpayer organization; nontaxable event
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/az/title-43/43-242A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding any provision of the internal revenue code or any federal rule or regulation adopted pursuant to the internal revenue code, a change in the organizational structure of a corporation, including an S corporation, or a limited liability company, a partnership or any other entity, however organized, into another organizational structure is not a taxable event for the purposes of this title if there is no change among the owners, their ownership interests or the assets of the organization.