Arizona § 29-2602
Full text of Arizona Arizona Revised Statutes § 29-2602, with citation guidance and answers to common questions.
§ 29-2602.
A. A domestic entity may divide under this article by approving a plan of division. The plan of division must be in a record and contain all of the following:
1. The name and type of the dividing entity.
2. A statement as to whether the dividing entity will survive the division.
3. The name, jurisdiction of organization and type of each new resulting entity.
4. The manner of all of the following:
(a) Converting the interests in the dividing entity into interests, securities, obligations, rights to acquire interests or securities, cash or other property or any combination of the foregoing.
(b) Allocating between or among the resulting entities the property of the dividing entity that will not be owned by all of the resulting entities as tenants in common pursuant to section 29-2606, subsection A, paragraph 4 and those obligations of the dividing entity as to which not all of the resulting entities will be liable jointly and severally pursuant to section 29-2607.
(c) Distributing the interests in the resulting entities created in the division.
5. The proposed public organizational document, if any, of each new resulting entity and the full text of its private organizational documents that are proposed to be in a record.
6. If the dividing entity will survive the division and is a filing entity, any proposed amendments to its public organizational document.
7. If the dividing entity will survive the division, any proposed amendments to its private organizational documents that are in a record.
8. The other terms and conditions of the division, if any.
9. Any other provisions required by the laws of this state or the organizational documents of the dividing entity.
B. A plan of division may contain any other provision not prohibited by law.
Frequently Asked Questions About Arizona § 29-2602
What does Arizona Revised Statutes § 29-2602 cover?
Section 29-2602 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 § 29-2602?
A common citation format is "Arizona Revised Statutes § 29-2602" (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 § 29-2602 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.