Title 10 — Corporations and Associations
41 chapters · 595 sections in this title.
A.R.S. § 10-11301 Prohibited distributions
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Except as authorized by section 10-11302, a corporation shall not make any distributions.
A.R.S. § 10-11302 Authorized distributions
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A. A corporation may purchase its memberships if after the purchase is completed both: 1. The corporation would be able to pay its debts as the debts become due in the usual course of its activities. 2. The corporation's total assets would at least equal the sum of its total liab…