Arizona § 10-3631 - Standing
Full text of Arizona Arizona Revised Statutes § 10-3631 — Standing, with citation guidance and answers to common questions.
§ 10-3631. Standing
A. A proceeding may be brought in the right of a domestic corporation to procure a judgment in its favor by either:
1. In the case of a corporation that has members, any member or members having twenty-five per cent or more of the voting power or by fifty members, whichever is less.
2. In the case of a corporation that does not have members, any director or twenty-five per cent of the directors, whichever is greater.
B. In any such proceeding, each complainant shall both:
1. Have been a member or director, as applicable, of the corporation at the time of the act or omission complained of.
2. Fairly and adequately represent the interests of the corporation in enforcing the right of the corporation.
Frequently Asked Questions About Arizona § 10-3631
What does Arizona Revised Statutes § 10-3631 cover?
Section 10-3631 ("Standing") 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 § 10-3631?
A common citation format is "Arizona Revised Statutes § 10-3631" (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 § 10-3631 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.