Arizona § 10-303 - Emergency powers
Full text of Arizona Arizona Revised Statutes § 10-303 — Emergency powers, with citation guidance and answers to common questions.
§ 10-303. Emergency powers
A. In anticipation of or during an emergency as prescribed in subsection D of this section, the board of directors of a corporation may:
1. Modify lines of succession to accommodate the incapacity of any director, officer, employee or agent.
2. Relocate the principal office, designate alternative principal offices or regional offices or authorize the officers to do so.
B. During an emergency as prescribed in subsection D of this section, unless emergency bylaws provide otherwise:
1. Notice of a meeting of the board of directors need be given only to those directors whom it is practicable to reach and may be given in any practicable manner, including by publication and radio.
2. One or more officers of the corporation present at a meeting of the board of directors may be deemed to be directors for the meeting in order of rank and within the same rank in order of seniority as necessary to achieve a quorum.
C. Corporate action taken in good faith during an emergency under this section to further the ordinary business affairs of the corporation:
1. Binds the corporation.
2. May not be used to impose liability on a corporate director, officer, employee or agent.
D. An emergency exists for purposes of this section if a quorum of the corporation's directors cannot readily be assembled because of a local emergency, a state of emergency or a state of war emergency all as defined in section 26-301.
Frequently Asked Questions About Arizona § 10-303
What does Arizona Revised Statutes § 10-303 cover?
Section 10-303 ("Emergency powers") 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 § 10-303?
A common citation format is "Arizona Revised Statutes § 10-303" (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 § 10-303 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.