Arizona § 10-1817 - Merger, interest exchange, conversion, domestication or division; definitions
Full text of Arizona Arizona Revised Statutes § 10-1817 — Merger, interest exchange, conversion, domestication or division; definitions, with citation guidance and answers to common questions.
§ 10-1817. Merger, interest exchange, conversion, domestication or division; definitions
A. A domestic close corporation may be a party to or otherwise undertake a merger, an interest exchange, a conversion, a domestication or a division by complying with chapters 11 and 13 of this title and title 29, chapter 6. For the purposes of this subsection:
1. References in chapters 11 and 13 of this title to:
(a) "Directors" are deemed references to managers.
(b) "Shares" are deemed references to capital units.
(c) "Shareholders" are deemed references to investors.
2. References in title 29, chapter 6 to:
(a) "Governors" are deemed references to managers.
(b) "Interest holders" are deemed references to investors.
(c) "Interests" are deemed references to capital units.
B. A plan of merger must be approved by all of the investors.
C. A plan of conversion must be approved by at least two-thirds of the investors.
D. A plan of interest exchange, domestication or division must be approved by a majority of the investors.
E. If a domestic close corporation is to be created in a merger, a conversion, a domestication or a division, the number of investors in the corporation on the effective date of the transaction may not exceed ten investors.
F. For the purposes of this section:
1. "Conversion" means a transaction authorized by title 29, chapter 6, article 4.
2. "Division" means a transaction authorized by title 29, chapter 6, article 6.
3. "Domestication" means a transaction authorized by title 29, chapter 6, article 5.
4. "Interest exchange" means a transaction authorized by title 29, chapter 6, article 3.
5. "Merger" means a transaction authorized by title 29, chapter 6, article 2.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 10-1817
What does Arizona Revised Statutes § 10-1817 cover?
Section 10-1817 ("Merger, interest exchange, conversion, domestication or division; 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 § 10-1817?
A common citation format is "Arizona Revised Statutes § 10-1817" (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 § 10-1817 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.