§ 10-11701 – Application to existing domestic corporations
10-11701. Application to existing domestic corporations A. Except as provided in subsection B, chapters 24 through 40 of this title apply to all Arizona corporations that were incorporated under or that were subject to chapter 22 of this title on December 31, 1998. B. Any existing corporation that was originally organized under the laws of […]
§ 10-11909 – Merger, interest exchange, conversion, domestication or division; definitions
10-11909. Merger, interest exchange, conversion, domestication or division; definitions A. A domestic corporation sole may be a party to or otherwise undertake a merger, an interest exchange, a conversion, a domestication or a division by complying with chapter 34 of this title and title 29, chapter 6. B. If a domestic corporation sole is to […]
§ 10-11702 – Application to qualified foreign corporations
10-11702. Application to qualified foreign corporations A foreign corporation authorized to conduct affairs in this state on January 1, 1999 is subject to chapters 24 through 40 of this title but is not required to obtain a new grant of authority to conduct affairs under chapters 24 through 40 of this title, except as provided […]
§ 10-11801 – Definitions
10-11801. Definitions In this chapter, unless the context otherwise requires: 1. " Endowment fund" means an institutional fund or part of an institutional fund that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. Endowment fund does not include assets that an institution designates as an […]
§ 10-11802 – Managing and investing institutional funds; standard of conduct
10-11802. Managing and investing institutional funds; standard of conduct A. Subject to the intent of a donor expressed in a gift instrument, an institution, in managing and investing an institutional fund, shall consider the charitable purposes of the institution and the purposes of the institutional fund. B. In addition to complying with the duty of […]
§ 10-11803 – Appropriation for expenditure or accumulation of endowment fund; construction
10-11803. Appropriation for expenditure or accumulation of endowment fund; construction A. Subject to the intent of a donor expressed in the gift instrument, an institution may appropriate for expenditure or accumulate so much of an endowment fund as the institution determines is prudent for the uses, benefits, purposes and duration for which the endowment fund […]
§ 10-11804 – Delegation of management and investment functions
10-11804. Delegation of management and investment functions A. Subject to any specific limitation set forth in a gift instrument or in law other than this chapter, an institution may delegate to an external agent the management and investment of an institutional fund to the extent that an institution could prudently delegate under the circumstances. An […]
§ 10-11805 – Release or modification of restrictions on management, investment or purpose
10-11805. Release or modification of restrictions on management, investment or purpose A. If the donor consents in a record, an institution may release or modify, in whole or in part, a restriction contained in a gift instrument on the management, investment or purpose of an institutional fund. A release or modification may not allow a […]
§ 10-11806 – Applicability
10-11806. Applicability This chapter applies to institutional funds existing on or established after the effective date of this chapter. As applied to institutional funds existing on the effective date of this chapter, this chapter governs only decisions made or actions taken on or after that date.
§ 10-11901 – Purposes for which corporation sole may be formed
10-11901. Purposes for which corporation sole may be formed Corporations may be formed to acquire, hold and dispose of church or religious society property for the benefit of religion, for works of charity and for public worship, and of property of scientific research institutions maintained solely for pure research and without expectation of pecuniary gain […]