Statutes, codes, and regulations
Arizona Revised Statutes
Title 10 - CORPORATIONS AND ASSOCIATIONSChapter 19 - NOT FOR PROFIT CORPORATIONS AND ASSOCIATIONS, COOPERATIVES AND FRATERNAL AND BENEVOLENT SOCIETIES
Article 1 - COOPERATIVE MARKETING ASSOCIATIONS
Section 10-2010 - Appraisal of interest and payment upon withdrawal or expulsion of member

Ariz. Rev. Stat. § 10-2010

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Current through L. 2024, ch. 202
Section 10-2010 - Appraisal of interest and payment upon withdrawal or expulsion of member

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.

A.R.S. § 10-2010