Arizona § 10-2251 - Definitions
Full text of Arizona Arizona Revised Statutes § 10-2251 — Definitions, with citation guidance and answers to common questions.
§ 10-2251. Definitions
In this chapter, unless the context otherwise requires:
1. "Bank" means any banking corporation or national banking association.
2. "Corporation" means a business development corporation formed under this chapter.
3. "Deputy director of financial institutions" means the deputy director of the financial institutions division of the department of insurance and financial institutions.
4. "Member" means any bank or federal or state savings and loan association authorized to do business within this state that shall undertake to lend money to the corporation on its call and in accordance with this chapter.
5. "Shareholder" means a registered owner of shares in a corporation formed under the provisions of this chapter.
6. "Shares" means units into which the shareholders' rights to participate in the control of a corporation, in its surplus or profits, or in the distribution of its assets, are divided.
Frequently Asked Questions About Arizona § 10-2251
What does Arizona Revised Statutes § 10-2251 cover?
Section 10-2251 ("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 § 10-2251?
A common citation format is "Arizona Revised Statutes § 10-2251" (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 § 10-2251 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.