reglab/housing_qa huggingface dataset:
AZ Rev Stat § 10-3825 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-3825 - Committees of the board

10-3825.  Committees of the board A. Unless the articles of incorporation or bylaws provide otherwise,  the board of directors may create one or more committees and appoint members of the board of directors to serve on them. Each committee shall have one or more members,  and each member of a committee shall serve at the pleasure of the board of directors. B. The creation of a committee and appointment of members of the board of directors to it must be approved by the greater of: 1. A majority of all the directors in office when the action is taken. 2. The number of directors required by the articles of incorporation or bylaws to take action under section 10-3824. C. Sections 10-3820 through 10-3824 governing meetings,  action without meetings and notice,  waiver of notice,  quorum and voting requirements of the board of directors also apply to committees and their members. D. Subject to the limitations set forth in subsection E of this section,  each committee of the board may exercise the authority of the board of directors under section 10-3801 to the extent specified by the board of directors or in the articles of incorporation or bylaws. E. A committee shall not take any of the following actions: 1. Authorize distributions. 2. Approve or recommend to members any action that requires the members' approval under this chapter. 3. Fill vacancies on the board of directors or on any of its committees. 4. Adopt,  amend or repeal bylaws. 5. Fix the compensation of directors for serving on the board of directors or any committee of the board of directors. F. The creation of,  delegation of authority to or action by a committee does not alone constitute compliance by a director with the standards of conduct described in section 10-3830. G. The board of directors may designate one or more directors as alternate members of any committee who may replace any absent member at any meeting of the committee.
AZ Rev Stat § 10-830 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-830 - General standards of conduct for directors

10-830.  General standards of conduct for directors A. A director's duties,  including duties as a member of a committee,  shall be discharged: 1. In good faith. 2. With the care an ordinarily prudent person in a like position would exercise under similar circumstances. 3. In a manner the director reasonably believes to be in the best interests of the corporation. B. In discharging duties,  a director is entitled to rely on information,  opinions,  reports or statements,  including financial statements and other financial data,  if prepared or presented by any of the following: 1. One or more officers or employees of the corporation whom the director reasonably believes are reliable and competent in the matters presented. 2. Legal counsel,  public accountants or other persons as to matters the director reasonably believes are within the person's professional or expert competence. 3. A committee of the board of directors of which the director is not a member if the director reasonably believes the committee merits confidence. C. A director is not acting in good faith if the director has knowledge concerning the matter in question that makes reliance otherwise permitted by subsection B of this section unwarranted. D. Unless otherwise provided in the articles of incorporation or bylaws or a resolution of the board of directors of the corporation,  in determining what is in the best interests of the corporation,  a director: 1. Must consider the effect of a proposed action or inaction on the shareholders and whether a proposed action or inaction may further the purposes of the corporation. 2. May consider the effects of any action or inaction on the long-term and short-term interests of the corporation,  its shareholders,  employees,  customers,  community and environment and any other group and other pertinent factors that the director deems appropriate. E. The best interests of the corporation do not require that any particular interests be given priority over other interests unless the articles of incorporation,  the bylaws,  a resolution of the board of directors or a resolution approved by the number of shareholders required to amend the articles of incorporation states an intention to give priority to particular interests.
AZ Rev Stat § 10-831 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-831 - Standards of liability for directors; presumption

10-831.  Standards of liability for directors;  presumption A director is not liable for any action taken as a director or any failure to take any action if the director's duties were performed in compliance with section 10-830. In any proceeding commenced under this chapter,  a director has all of the defenses and presumptions ordinarily available to a director. A director is presumed in all cases to have acted,  failed to act or otherwise discharged the director's duties pursuant to section 10-830. The burden is on the party challenging a director's action,  failure to act or other discharge of duties to establish by clear and convincing evidence facts rebutting the presumption.
AZ Rev Stat § 10-833 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-833 - Liability for unlawful distributions

10-833.  Liability for unlawful distributions A. A director who votes for or assents to a distribution made in violation of section 10-640 or the articles of incorporation is personally liable to the corporation for the amount of the distribution that exceeds what could have been distributed without violating section 10-640 or the articles of incorporation if it is established that the director's duties were not performed in compliance with section 10-830. B. A director of a corporation who is present at a meeting of its board of directors at which action on any distribution in violation of section 10-640 is taken is presumed to have assented to the action taken unless his dissent is entered in the minutes of the meeting or unless he files his written dissent to the action with the secretary of the meeting before the adjournment of the meeting or forwards the dissent by registered or certified mail to the secretary of the corporation before 5:00 p.m. of the next business day after the adjournment of the meeting. The right to dissent does not apply to a director who voted in favor of the action. C. A director who is held liable under subsection A of this section for an unlawful distribution is entitled to contribution from: 1. Every other director who could be held liable under subsection A of this section for the unlawful distribution. 2. Each shareholder for the amount the shareholder accepted knowing the distribution was made in violation of section 10-640 or the articles of incorporation. D. A proceeding under this section is barred unless it is commenced within four years after the date on which the effect of the distribution was measured under section 10-640,  subsection E or G.
AZ Rev Stat § 10-3830 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-3830 - General standards for directors

10-3830.  General standards for directors A. A director's duties,  including duties as a member of a committee,  shall be discharged: 1. In good faith. 2. With the care an ordinarily prudent person in a like position would exercise under similar circumstances. 3. In a manner the director reasonably believes to be in the best interests of the corporation. B. In discharging duties,  a director is entitled to rely on information,  opinions,  reports or statements,  including financial statements and other financial data,  if prepared or presented by any of the following: 1. One or more officers or employees of the corporation whom the director reasonably believes are reliable and competent in the matters presented. 2. Legal counsel,  public accountants or other person as to matters the director reasonably believes are within the person's professional or expert competence. 3. A committee of or appointed by the board of directors of which the director is not a member if the director reasonably believes the committee merits confidence. 4. In the case of corporations organized for religious purposes,  religious authorities and ministers,  priests,  rabbis or other persons whose position or duties in the religious organization the director believes justify reliance and confidence and whom the director believes to be reliable and competent in the matters presented. C. A director is not acting in good faith if the director has knowledge concerning the matter in question that makes reliance otherwise permitted by subsection B unwarranted. D. A director is not liable for any action taken as a director or any failure to take any action if the director's duties were performed in compliance with this section. In any proceeding commenced under this section or any other provision of this chapter,  a director has all of the defenses and presumptions ordinarily available to a director. A director is presumed in all cases to have acted,  failed to act or otherwise discharged such director's duties in accordance with subsection A. The burden is on the party challenging a director's action,  failure to act or other discharge of duties to establish by clear and convincing evidence facts rebutting the presumption. E. A director shall not be deemed to be a trustee with respect to the corporation or with respect to any property held or administered by the corporation,  including property that may be subject to restrictions imposed by the donor or transferor of that property.
AZ Rev Stat § 10-3833 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-3833 - Liability for unlawful distributions

10-3833.  Liability for unlawful distributions A. A director who votes for or assents to a distribution made in violation of sections 10-11301 and 10-11302 or the articles of incorporation is personally liable to the corporation for the amount of the distribution that exceeds what could have been distributed without violating sections 10-11301 and 10-11302 or the articles of incorporation if it is established that the director's duties were not performed in compliance with section 10-3830. B. A director of a corporation who is present at a meeting of its board of directors at which action on any distribution in violation of section 10-11301 is taken is presumed to have assented to the action taken unless his dissent is entered in the minutes of the meeting or unless he files his written dissent to the action with the secretary of the meeting before the adjournment of the meeting or forwards the dissent by registered or certified mail to the secretary of the corporation before 5:00 p.m. of the next business day after the adjournment of the meeting. The right to dissent does not apply to a director who voted in favor of the action. C. A director who is held liable under subsection A of this section for an unlawful distribution is entitled to contribution from: 1. Every other director who could be held liable under subsection A of this section for the unlawful distribution. 2. Each person who received an unlawful distribution for the amount of the distribution whether or not the person receiving the distribution knew it was made in violation of sections 10-11301 and 10-11302 or the articles of incorporation. D. A proceeding under this section is barred unless it is commenced within two years after the date on which the distribution is made.
AZ Rev Stat § 10-840 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-840 - Required officers

10-840.  Required officers A. A corporation shall have the officers described in its bylaws or appointed by the board of directors in accordance with the bylaws. B. A duly appointed officer may appoint one or more officers or assistant officers if authorized by the bylaws or the board of directors. C. The bylaws or the board of directors shall delegate to one of the officers responsibility for preparing minutes of the directors' and shareholders' meetings and for authenticating records of the corporation. D. The same individual may simultaneously hold more than one office in a corporation.
AZ Rev Stat § 10-841 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-841 - Duties of officers

10-841.  Duties of officers Each officer has the authority and shall perform the duties set forth in the bylaws or,  to the extent consistent with the bylaws,  the duties prescribed by the board of directors or by direction of an officer authorized by the board of directors to prescribe the duties of other officers.
AZ Rev Stat § 10-842 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-842 - Standards of conduct for officers

10-842.  Standards of conduct for officers A. If an officer has discretionary authority with respect to any duties,  an officer's duties shall be discharged under that authority: 1. In good faith. 2. With the care an ordinarily prudent person in a like position would exercise under similar circumstances. 3. In a manner the officer reasonably believes to be in the best interests of the corporation. B. In discharging duties,  an officer is entitled to rely on information,  opinions,  reports or statements,  including financial statements and other financial data,  if prepared or presented by either: 1. One or more directors,  officers or employees of the corporation whom the officer reasonably believes to be reliable and competent in the matters presented. 2. Legal counsel,  public accountants or other persons as to matters the officer reasonably believes are within the person's professional or expert competence. C. An officer is not acting in good faith if the officer has knowledge concerning the matter in question that makes reliance otherwise permitted by subsection B of this section unwarranted.
AZ Rev Stat § 10-843 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-843 - Resignation and removal of officers

10-843.  Resignation and removal of officers A. An officer may resign at any time by delivering notice to the corporation. A resignation is effective when the notice is delivered unless the notice specifies a later effective date or event. If a resignation is made effective at a later date or event and the corporation accepts the future effective date,  its board of directors may fill the pending vacancy before the effective date if the board of directors provides that the successor does not take office until the effective date. B. A board of directors may remove an officer at any time with or without cause.
AZ Rev Stat § 10-844 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-844 - Contract rights of officers

10-844.  Contract rights of officers A. The appointment of an officer does not itself create contract rights. B. An officer's removal does not affect the officer's contract rights,  if any,  with the corporation. An officer's resignation does not affect the corporation's contract rights,  if any,  with the officer.
AZ Rev Stat § 10-845 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-845 - Standards of liability for officers; presumption

10-845.  Standards of liability for officers;  presumption An officer is not liable for any action taken as an officer or any failure to take any action if the officer's duties were performed in compliance with section 10-842. In any proceeding commenced under this chapter,  an officer has all of the defenses and presumptions ordinarily available to an officer. An officer is presumed in all cases to have acted,  failed to act or otherwise discharged the officer's duties pursuant to section 10-842. The burden is on the party challenging an officer's action,  failure to act or other discharge of duties to establish by clear and convincing evidence facts rebutting the presumptions.
AZ Rev Stat § 10-846 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-846 - Enforcement proceedings; liability for monetary damages; definitions

10-846.  Enforcement proceedings;  liability for monetary damages;  definitions A. Except as provided in subsection B of this section,  a person may not bring an action or assert a claim against a corporation or its directors or officers with respect to either of the following: 1. The decision or failure of the corporation to pursue or create a nonmonetary purpose,  whether or not the purpose is set forth in its articles of incorporation. 2. A director's or officer's violation of an obligation,  duty or standard of conduct to consider,  or the failure to consider,  the effect of an act,  omission or decision by a corporation on a nonmonetary purpose,  whether or not the purpose is set forth in its articles of incorporation. B. An enforcement proceeding against a corporation or its directors or officers with respect to subsection A of this section may be commenced or maintained only as follows: 1. Directly by the corporation. 2. Derivatively pursuant to chapter 7,  article 4 of this title by a shareholder of the corporation. 3. By other persons as specified in the articles of incorporation or bylaws of the corporation. C. A corporation and its directors and officers are not liable for monetary damages resulting from any decision or failure of the corporation to pursue or create any nonmonetary purpose,  whether or not the purpose is set forth in its articles of incorporation. D. For the purposes of this section: 1. " Enforcement proceeding"  means any claim or action for a violation of any obligation,  duty or standard of conduct under this chapter. 2. " Nonmonetary purpose"  means any purpose other than to benefit the economic or financial interests of the shareholders of the corporation,  including any purpose to benefit any interest or factor that is included in section 10-830,  subsection D,  paragraph 2,  as applicable.
AZ Rev Stat § 10-3840 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-3840 - Officers

10-3840.  Officers A. A corporation shall have the officers described in its articles of incorporation or bylaws or appointed by the board of directors in accordance with the articles of incorporation or bylaws. B. A duly appointed officer may appoint one or more officers or assistant officers if authorized by the bylaws or the board of directors. C. The bylaws or the board of directors shall delegate to one of the officers responsibility for preparing minutes of the directors' and members' meetings and for authenticating records of the corporation. D. The same individual may simultaneously hold more than one office in a corporation.
AZ Rev Stat § 10-3841 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-3841 - Duties and authority of officers

10-3841.  Duties and authority of officers Each officer has the authority and shall perform the duties set forth in the bylaws or,  to the extent consistent with the bylaws,  the duties and authority prescribed by the board of directors or by direction of an officer authorized by the board of directors to prescribe the duties and authority of other officers.
AZ Rev Stat § 10-3842 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-3842 - Standards of conduct for officers

10-3842.  Standards of conduct for officers A. If an officer has discretionary authority with respect to any duties,  an officer's duties shall be discharged under that authority: 1. In good faith. 2. With the care an ordinarily prudent person in a like position would exercise under similar circumstances. 3. In a manner the officer reasonably believes to be in the best interests of the corporation. B. In discharging duties,  an officer is entitled to rely on information,  opinions,  reports or statements,  including financial statements and other financial data,  if prepared or presented by either: 1. One or more officers or employees of the corporation whom the officer reasonably believes to be reliable and competent in the matters presented. 2. Legal counsel,  public accountants or other persons as to matters the officer reasonably believes are within the person's professional or expert competence. 3. In the case of corporations organized for religious purposes,  religious authorities and ministers,  priests,  rabbis or other persons whose position or duties in the religious organization the officer believes justify reliance and confidence and who the officer believes to be reliable and competent in the matters presented. C. An officer is not acting in good faith if the officer has knowledge concerning the matter in question that makes reliance otherwise permitted by subsection B unwarranted. D. An officer is not liable for any action taken as an officer or any failure to take any action if the officer's duties were performed in compliance with this section. In any proceeding commenced under this section or any other provision of this chapter,  an officer has all of the defenses and presumptions ordinarily available to an officer. An officer is presumed in all cases to have acted,  failed to act or otherwise discharged such officer's duties in accordance with subsection A. The burden is on the party challenging an officer's action,  failure to act or other discharge of duties to establish by clear and convincing evidence facts rebutting the presumption.
AZ Rev Stat § 10-3843 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-3843 - Resignation and removal of officers

10-3843.  Resignation and removal of officers A. An officer may resign at any time by delivering notice to the corporation. A resignation is effective when the notice is delivered unless the notice specifies a later effective date or event. If a resignation is made effective at a later date or event and the corporation accepts the later effective date,  its board of directors may fill the pending vacancy before the effective date if the board of directors provides that the successor does not take office until the effective date. B. A board of directors may remove any officer at any time with or without cause.
AZ Rev Stat § 10-3844 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-3844 - Contract rights of officers

10-3844.  Contract rights of officers A. The appointment of an officer does not itself create contract rights. B. An officer's removal does not affect the officer's contract rights,  if any,  with the corporation. An officer's resignation does not affect the corporation's contract rights,  if any,  with the officer.
AZ Rev Stat § 10-3845 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-3845 - Officers' authority to execute documents

10-3845.  Officers' authority to execute documents Any contract or other instrument in writing executed or entered into between a corporation and any other person is not invalidated as to the corporation by any lack of authority of the signing officers in the absence of actual knowledge on the part of the other person that the signing officers had no authority to execute the contract or other instrument if it is signed by two individuals who are either: 1. Both the presiding officer of the board of directors and the president. 2. Either the presiding officer of the board of directors or the president,  and one of the following: (a) A vice-president. (b) The secretary. (c) The treasurer. (d) The executive director.