Arizona § 20-831 - Annual statement; examination
Full text of Arizona Arizona Revised Statutes § 20-831 — Annual statement; examination, with citation guidance and answers to common questions.
§ 20-831. Annual statement; examination
A. Not later than March 31 of each year every corporation shall file with the director a statement of its financial condition, transactions and affairs as of the preceding December 31 as prescribed in sections 20-223 and 20-234 and shall pay the annual renewal fee prescribed in section 20-167.
B. At the time of filing its annual statement as required by section 20-223, a corporation shall also disclose to the director, in the form or manner prescribed by the director, information similar to that required of other corporations transacting business in this state pursuant to title 10, chapter 39, article 2 that is not already filed with or available to the director.
C. The director may appoint an examiner, deputy examiner or other person to examine into the affairs of the corporation who has the power of visitation and examination, is entitled to free access to all the books, papers and documents relating to the business of the corporation and may summon the officers, agents or employees or any other persons and require them to testify under oath concerning the affairs, transactions and condition of the corporation. An examination shall be conducted at least every five years.
D. The corporation shall pay the cost of the examination and audit, but the corporation is not required to pay for more than one audit or examination in any one year. The corporation shall pay the costs as provided for insurers pursuant to section 20-159.
E. A corporation that fails to timely file the annual statement required under subsection A of this section or fails to provide information required under subsection B of this section is subject to the penalties prescribed in section 20-223.
Frequently Asked Questions About Arizona § 20-831
What does Arizona Revised Statutes § 20-831 cover?
Section 20-831 ("Annual statement; examination") 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 § 20-831?
A common citation format is "Arizona Revised Statutes § 20-831" (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 § 20-831 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.