Ariz. Rev. Stat. § 10-740

Current through L. 2024, ch. 187
Section 10-740 - Definitions

In this article, unless the context otherwise requires:

1. "Derivative proceeding" means a civil suit in the right of a domestic corporation or, to the extent provided in section 10-747, in the right of a foreign corporation.
2. "Independent person" means a person with no personal interest in the transaction and no personal or other relationship which influences the person.
3. "Shareholder" includes a beneficial owner whose shares are held in a voting trust or are held by a nominee on the beneficial owner's behalf.

A.R.S. § 10-740