Arizona § 10-2227 - Cancellation of disqualified shares
Full text of Arizona Arizona Revised Statutes § 10-2227 — Cancellation of disqualified shares, with citation guidance and answers to common questions.
§ 10-2227. Cancellation of disqualified shares
If the shares of a disqualified shareholder are not acquired pursuant to section 10-2223 within ten months after the death or dissolution of the shareholder or within five months after the disqualification or transfer, the professional corporation shall immediately cancel the shares on its books and the disqualified shareholder shall have no further interest as a shareholder in the corporation other than the right to payment of the price specified in section 10-2223, subsection B.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 10-2227
What does Arizona Revised Statutes § 10-2227 cover?
Section 10-2227 ("Cancellation of disqualified shares") 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 § 10-2227?
A common citation format is "Arizona Revised Statutes § 10-2227" (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 § 10-2227 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.