Arizona § 20-705 - Articles of incorporation
Full text of Arizona Arizona Revised Statutes § 20-705 — Articles of incorporation, with citation guidance and answers to common questions.
§ 20-705. Articles of incorporation
A. The articles of incorporation shall state:
1. The name of the corporation. If a mutual, the word "mutual" shall be a part of the name.
2. The duration of its existence, which may be perpetual.
3. The kinds of insurance the corporation is formed to transact, according to the definitions thereof in this title. If the corporation is to be a limited stock insurer, the articles shall provide for limitations on the insuring powers of the corporation consistent with section 20-708.
4. If a stock corporation, its authorized capital, the classes and number of shares into which divided, the par value of each such share and the respective rights of each such class. Shares without par value shall not be authorized.
5. If a mutual corporation, the maximum contingent liability of its members, other than as to nonassessible policies, for payment of losses and expenses incurred, which liability shall be as stated in the articles of incorporation but not less than one nor more than six times the premium for the member's policy at the annual premium rate for a term of one year.
6. The number of directors, not less than five nor more than fifteen, who shall conduct the affairs of the corporation, and the names and addresses of the corporation's first directors and officers for stated terms of office of not less than two months or more than one year.
7. The time of the annual meeting of stockholders or members.
8. The city or town in this state in which the principal place of business is to be located, and the counties, states and countries in which business may be transacted.
9. The limitations, if any, on the corporation's indebtedness.
10. If a stock corporation, the extent, if any, to which stock of the corporation shall be liable to assessment.
11. Such other provisions, not inconsistent with law, as deemed appropriate by the incorporators.
12. The names and addresses of the incorporators.
B. This section applies to stock and mutual insurers incorporated in this state after January 1, 1955.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 20-705
What does Arizona Revised Statutes § 20-705 cover?
Section 20-705 ("Articles of incorporation") 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 § 20-705?
A common citation format is "Arizona Revised Statutes § 20-705" (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 § 20-705 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.