Arizona § 10-1877 - Powers; construction of instrument; binding effect of terms and conditions
Full text of Arizona Arizona Revised Statutes § 10-1877 — Powers; construction of instrument; binding effect of terms and conditions, with citation guidance and answers to common questions.
§ 10-1877. Powers; construction of instrument; binding effect of terms and conditions
A. Subject to the provisions of section 10-1878, the powers and authority of any business trust authorized under this article to transact business in this state shall be as specified in the instrument by which it was created, as amended, which instrument shall be construed and interpreted in accordance with the law applicable to such business trust, provided that no business trust shall engage in any activity in this state which would violate the public policy of this state or engage in any business in this state which private corporations for profit organized under the laws of this state may not legally transact.
B. Subject to the limitations on power and authority as provided in subsection A of this section, any person dealing with a business trust authorized under this article to transact business in this state shall be bound by the terms and conditions of the instrument by which the business trust was created and by any amendments thereto which have been filed and recorded in compliance with section 10-1876.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 10-1877
What does Arizona Revised Statutes § 10-1877 cover?
Section 10-1877 ("Powers; construction of instrument; binding effect of terms and conditions") 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 § 10-1877?
A common citation format is "Arizona Revised Statutes § 10-1877" (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 § 10-1877 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.