Arizona § 29-2307
Full text of Arizona Arizona Revised Statutes § 29-2307, with citation guidance and answers to common questions.
§ 29-2307.
A. If a statement of interest exchange is filed with the appropriate filing authority and the interest exchange is not authorized by the law of the relevant foreign jurisdiction as required by section 29-2301, subsection B, the interest exchange is ineffective. A statement of ineffectiveness of interest exchange must be signed on behalf of the domestic acquired entity on behalf of which the statement of interest exchange was signed and must be delivered for filing with the appropriate filing authority to reflect that ineffectiveness in the public record.
B. The statement of ineffectiveness of interest exchange must contain each of the following:
1. The name of the domestic acquired entity that attempted the interest exchange.
2. The date on which the statement of interest exchange was filed.
3. A statement that the interest exchange was ineffective because it was not authorized by the law of the relevant foreign jurisdiction.
C. The domestic acquired entity that attempted the interest exchange is responsible to any other person for any obligation incurred by that person that arises out of or relates to the ineffectiveness of the attempted interest exchange unless the entity establishes that the obligation was not incurred in good faith.
D. If they were acting in good faith, the domestic acquired entity that attempted the interest exchange and its interest holders, governors or other representatives are not civilly or criminally liable and may not be found guilty in connection with an ineffective interest exchange under any law of this state pertaining to:
1. The filing of a false or otherwise misleading or inaccurate document.
2. The making of a false or otherwise misleading or inaccurate statement.
3. Any similar matter.
Frequently Asked Questions About Arizona § 29-2307
What does Arizona Revised Statutes § 29-2307 cover?
Section 29-2307 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 § 29-2307?
A common citation format is "Arizona Revised Statutes § 29-2307" (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 § 29-2307 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.