Arizona § 10-1802 - Definitions
Full text of Arizona Arizona Revised Statutes § 10-1802 — Definitions, with citation guidance and answers to common questions.
§ 10-1802. Definitions
In this article, unless the context otherwise requires:
1. "Capital units" means the proportions of the proprietary interest in the corporation owned by the investors.
2. "Commission" means the Arizona corporation commission.
3. "Corporation" or "close corporation" means a corporation for profit organized pursuant to the provisions of this article.
4. "Good faith" or "in good faith" means an act or thing done when it is in fact done honestly, whether it be done negligently or not.
5. "Investor" means one who is the owner of capital units in a close corporation.
6. "Manager" means the person or persons named in the articles of incorporation either originally or by amendment thereto in the capacity of manager or assistant manager and does not include any person who is not so named.
Frequently Asked Questions About Arizona § 10-1802
What does Arizona Revised Statutes § 10-1802 cover?
Section 10-1802 ("Definitions") 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 § 10-1802?
A common citation format is "Arizona Revised Statutes § 10-1802" (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 § 10-1802 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.