Arizona § 10-622 - Liability of subscribers and shareholders
Full text of Arizona Arizona Revised Statutes § 10-622 — Liability of subscribers and shareholders, with citation guidance and answers to common questions.
§ 10-622. Liability of subscribers and shareholders
A. A purchaser from a corporation of its own shares is not liable to the corporation or its creditors with respect to the shares except to pay the full consideration for which the shares were authorized to be issued pursuant to section 10-621 or specified in the subscription agreement pursuant to section 10-620.
B. A shareholder of a corporation is not personally liable for the acts or debts of the corporation.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 10-622
What does Arizona Revised Statutes § 10-622 cover?
Section 10-622 ("Liability of subscribers and 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 § 10-622?
A common citation format is "Arizona Revised Statutes § 10-622" (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 § 10-622 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.