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No minimum requirement
- Subpart D of A.R.S. §10-840 goes on to explain that the same individual “may simultaneously hold more than one office in a corporation.” Therefore, unlike with a corporation’s board of directors, there is no minimum requirement or number of officers for an Arizona corporation.
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Who can sign documents for a corporation? Corporation documents submitted to the A.C.C. may be signed by either a duly-authorized officer or the Chairman of the Board of Directors. “Duly-authorized” means that the corporation has granted that officer authority to sign on behalf of the corporation.
10-840. Required officers. A. A corporation shall have the officers described in its bylaws or appointed by the board of directors in accordance with the bylaws. B. A duly appointed officer may appoint one or more officers or assistant officers if authorized by the bylaws or the board of directors. C.
- Corporate Officer Requirements Under The Arizona Business Corporations Act
- Minimum Officers Every Arizona Corporation Should Have
- And, Yes, A Person Can Be More Than One Officer Type
The good news? Arizona is pretty business-friendly in this regard. Arizona Revised Statutes, Title 10, Chapter 8, Article 4 of the Arizona Business Corporation Act (the “Act”) tells us that a corporation shall have “the officers described in its bylaws or appointed by the board of directors in accordance with the bylaws.” Subpart D of A.R.S. §10-84...
Although not absolutely required by the Act, as a practical matter it is always a good idea for a new corporation to have, at a minimum, the two officer positions of President and Secretary. These two positions will be able to represent the business in taking actions like negotiating or entering into agreements, maintaining minutes of meetings, and...
If your corporation is small or closely-held, with maybe only one or two shareholders, one of you is allowed to assume more than one position. For example, Shareholder Sheila may serve as, say, both Vice President and Treasurer (or vice versa). Ben Bhandhusavee is the Managing Attorney for BHANDLAW, PLLC, a startup, technology, and e-commerce law p...
2021 Arizona Revised Statutes. Title 10 - Corporations and Associations. Previous Next. Chapter 1 - GENERAL PROVISIONS. Article 2 - Filing Documents and Fees. § 10-120 - Filing requirements. § 10-121 - Forms. § 10-122 - Filing, service and copying fees; expedited report filing and access; same day and next day services; posted wait times ...
Article 5 - INDEMNIFICATION (§§ 10-850 — 10-858) Article 6 - DIRECTOR'S CONFLICTING INTEREST TRANSACTIONS (§§ 10-860 — 10-863) Browse Arizona Revised Statutes | Chapter 8 - DIRECTORS AND OFFICERS for free on Casetext.
What is required for the ACC to accept service of process for an entity? Please note, pursuant to law, the A.C.C. is only authorized to accept Service of Process on behalf of Corporations who have failed to appoint or maintain a statutory agent.
Jun 11, 2021 · General Information. Any corporation may change its officers, directors, or shareholders as reflected in the records of the Arizona Corporation Commission by filing an Officer/Director/Shareholder Change with the Arizona Corporation Commission.
