Arizona § 10-2261 - Authorization to commence business
Full text of Arizona Arizona Revised Statutes § 10-2261 — Authorization to commence business, with citation guidance and answers to common questions.
§ 10-2261. Authorization to commence business
A corporation formed under this chapter shall not begin the transaction of any business, except such as is incident to its organization or to the obtaining of members of subscriptions to or payment for its shares, until it certifies to the deputy director of financial institutions that there has been paid into the corporate treasury a minimum of $100,000 from the sale at par value of the capital stock of the corporation.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 10-2261
What does Arizona Revised Statutes § 10-2261 cover?
Section 10-2261 ("Authorization to commence business") 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 § 10-2261?
A common citation format is "Arizona Revised Statutes § 10-2261" (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 § 10-2261 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.