Arizona § 10-1621 - Other reports to shareholders
Full text of Arizona Arizona Revised Statutes § 10-1621 — Other reports to shareholders, with citation guidance and answers to common questions.
§ 10-1621. Other reports to shareholders
If a corporation indemnifies or advances expenses to a director under sections 10-851 through 10-854, the corporation shall report the indemnification or advance in writing to the shareholders with or before the annual financial statements required under section 10-1620. Failure to report under this section does not invalidate otherwise valid indemnification. This section does not apply to a corporation whose shares are listed on a national securities exchange or are regularly traded in a market maintained by one or more members of a national or affiliated securities association.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 10-1621
What does Arizona Revised Statutes § 10-1621 cover?
Section 10-1621 ("Other reports to shareholders") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 10-1621?
A common citation format is "Arizona Revised Statutes § 10-1621" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 10-1621 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.