reglab/housing_qa huggingface dataset:
AZ Rev Stat § 10-2150 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-2150 - Nonprofit electric generation and transmission cooperative corporations; annual report

10-2150.  Nonprofit electric generation and transmission cooperative corporations;  annual report Each nonprofit electric generation and transmission cooperative corporation incorporated pursuant to this article shall deliver to the commission for filing an annual report as required by section 10-11622.
AZ Rev Stat § 10-2151 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-2151 - Expanded use for broadband service; notice; just compensation actions

10-2151.  Expanded use for broadband service;  notice;  just compensation actions A. For the purposes of providing broadband service,  if a generation and transmission cooperative,  directly or through its affiliate,  expands the use of an existing easement or other property right that is owned,  held or used by the cooperative to provide electricity or other services and the expanded use reduces the fair market value of the property over which the easement or other property right runs,  the property owner is entitled to just compensation from the cooperative. B. The property owner must commence an action in the superior court for just compensation based on diminution in value not later than eighteen months after the date the generation and transmission cooperative provides notice to the property owner of the expanded use for broadband service. If an action is not commenced within this time,  the expanded use is deemed fully vested in the generation and transmission cooperative and its affiliate without the need to pay just compensation and the expanded use runs with the land. C. Notice under subsection B of this section is effective if sent by first class mail to the last known address of the property owner or by other commonly used publication or communication channels employed by the generation and transmission cooperative. D. In an action for just compensation based on a claim of expanded use for broadband service all of the following apply:  1. The court or jury shall ascertain and assess the diminution in value of the property based on the difference between the fair market value of the entire parcel immediately before the expanded use and the fair market value of the entire parcel immediately after the expanded use.  2. Evidence of revenues or profits derived from or the rental value of an assembled communications corridor are not admissible in determining fair market value. 3. On payment of just compensation,  the expanded use for broadband service shall be deemed fully vested in the generation and transmission cooperative and its affiliate and the expanded use shall run with the land. E. A class action may not be maintained against a generation and transmission cooperative or its affiliate in any action for just compensation based on a claim of expanded use for broadband service.  F. Actions for just compensation as described in this section include trespass,  inverse condemnation and other similar causes of action. G. This section does not prohibit a generation and transmission cooperative or its affiliate from reaching an agreement with a property owner to waive a claim for just compensation related to expanded use for broadband service or from acquiring the right to use the property for broadband service by other lawful means.
AZ Rev Stat § 10-2201 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-2201 - Definitions

10-2201.  Definitions In this chapter,  unless the context otherwise requires: 1. " Disqualified person"  means an individual or entity that is not or ceases to be a qualified person. 2. " Foreign professional corporation"  means a corporation or association for profit incorporated for the purpose of rendering professional services under a law other than the law of this state. 3. " License"  or " licensed"  means any license,  authorization,  certificate,  registration,  certificate of registration,  membership or other evidence of the satisfaction of the requirements of this state for the practice of a professional service. 4. " Licensing authority"  means the officer,  board,  agency,  court or other authority in this state empowered by law to license or otherwise authorize the rendition of a professional service. 5. " Professional corporation"  or " domestic professional corporation"  means a corporation for profit that is not a foreign professional corporation and that is incorporated under or subject to this chapter. 6. " Professional service"  means a service that may be lawfully rendered only by a person licensed or otherwise authorized by a licensing authority in this state to render the service. 7. " Qualified person"  means a person that is eligible under this chapter to be issued shares by a professional corporation. 8. " Voting shares"  means shares entitled to vote for election of directors of the professional corporation.
AZ Rev Stat § 10-2202 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-2202 - Application of Arizona business corporation act

10-2202.  Application of Arizona business corporation act Chapters 1 through 17 of this title apply to professional corporations,  both domestic and foreign,  to the extent they are not inconsistent with the express provisions of this chapter.
AZ Rev Stat § 10-2210 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-2210 - Election of professional corporation status

10-2210.  Election of professional corporation status A. One or more persons may incorporate a professional corporation by delivering to the commission for filing a certificate of disclosure that contains the information set forth in section 10-202,  subsection D and is subject to the requirements of section 10-202,  subsection F and articles of incorporation that state,  with respect to the character of its business: 1. It is a professional corporation. 2. Its purpose is to render the specified professional services. B. A corporation incorporated under a general law of this state other than this chapter may elect professional corporation status by amending its articles of incorporation to comply with subsection A of this section and section 10-2215.
AZ Rev Stat § 10-2211 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-2211 - Purposes

10-2211.  Purposes A. Except to the extent authorized by subsection B of this section or the other provisions of this chapter,  a corporation may elect professional corporation status under section 10-2210 solely for the purpose of rendering professional services,  including services ancillary to them,  and solely within a single profession. B. A corporation may elect professional corporation status under section 10-2210 for the purpose of rendering professional services within two or more categories of professional service,  and for the purpose of engaging in any lawful business authorized by section 10-301,  unless the combination of professional purposes or of professional and business purposes is expressly prohibited by a licensing law of this state applicable to one or more of the professions in the combination or by a licensing authority with jurisdiction over one or more of the professions in the combination.
AZ Rev Stat § 10-2212 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-2212 - General powers

10-2212.  General powers A. Except as provided in subsection B of this section,  a professional corporation has the powers enumerated in section 10-302. B. A professional corporation may be a general partner of a partnership,  a trustee of a trust,  a co-venturer of a joint venture or a manager of a limited liability company or any other entity,  only if the partnership,  trust,  joint venture,  limited liability company or other entity is engaged solely in rendering professional services or in carrying on business authorized by the professional corporation's articles of incorporation.
AZ Rev Stat § 10-2213 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-2213 - Rendering professional services; applicability

10-2213.  Rendering professional services;  applicability A. A domestic or foreign professional corporation may render professional services in this state only through individuals licensed in this state to render the services. B. Subsection A of this section does not: 1. Require an individual employed by a professional corporation to be licensed to perform services for the corporation if a license is not otherwise required or prohibit the professional corporation from employing that individual. 2. Prohibit a licensed individual from rendering professional services in an individual capacity although the licensed individual is a shareholder,  director,  officer,  employee or agent of a domestic or foreign professional corporation or any other person or from being a shareholder,  director,  officer,  employee or agent of more than one domestic or foreign professional corporation or other person. 3. Prohibit an individual licensed in another state from rendering professional services for a domestic or foreign professional corporation in this state if not prohibited by the licensing authority. C. Nothing contained in this chapter alters the right of persons licensed to engage in the rendering of a professional service from rendering a professional service,  and those persons may render a professional service,  in any other business form or entity,  including a corporation incorporated under a general law of this state other than this chapter,  unless the use of the form or entity is expressly prohibited by the licensing law of this state applicable to the profession or by the licensing authority with jurisdiction over the profession. D. This chapter does not apply to any persons in this state who before January 1,  1996 were permitted to render personal services or professional services by means of a corporation other than a professional corporation incorporated under chapter 3,  article 1 of this title prior to January 1,  1996 or other business form or entity,  or to any corporations other than professional corporations incorporated under chapter 3,  article 1 of this title prior to January 1,  1996 or other business forms or entities organized by them unless an exempt corporation or other business form or entity elects professional corporation status pursuant to section 10-2210.
AZ Rev Stat § 10-2214 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-2214 - Prohibited activities; authorized investments

10-2214.  Prohibited activities;  authorized investments A. A professional corporation may not render any professional service or engage in any business other than the professional service,  including services ancillary to the professional service,  and the business authorized by its articles of incorporation,  except to the extent that the other service or business is incidental to or an inconsequential portion of the authorized service or business of that corporation. B. A professional corporation may invest its monies in or otherwise own real estate,  mortgages,  stocks,  bonds,  partnership interests,  limited liability company memberships,  securities or any other type of investment or property.
AZ Rev Stat § 10-2215 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-2215 - Corporation name

10-2215.  Corporation name A. The name of a domestic professional corporation and of a foreign professional corporation authorized to transact business in this state,  in addition to satisfying the requirements of sections 10-401 and 10-1506,  shall: 1. Contain the words " professional corporation" ,  " professional association" ,  " service corporation" ,  " limited"  or " chartered"  or the abbreviation " P.C." ,  " P.A." ,  " S.C." ,  " Ltd." ,  " Chtd." ,  " PC" ,  " PA" ,  " SC" ,  " LTD"  or " CHTD" . 2. Not contain language stating or implying that it is incorporated for a purpose other than that authorized by section 10-2211 and its articles of incorporation. 3. Conform with any rule adopted by the licensing authority having jurisdiction over a professional service described in the corporation's articles of incorporation. B. Sections 10-401 and 10-1506 do not prevent the use of a name otherwise prohibited by those sections if it is the personal name of a shareholder or former shareholder of the domestic or foreign professional corporation or the name of an individual who was associated with a predecessor of the corporation.
AZ Rev Stat § 10-2220 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-2220 - Issuance of shares

10-2220.  Issuance of shares A. A professional corporation may issue voting shares,  fractional voting shares and rights or options to purchase voting shares only to: 1. Individuals who are licensed by law in this or another state to render a professional service described in the corporation's articles of incorporation.  2. General partnerships,  registered limited liability partnerships and other partnerships and joint ventures,  domestic or foreign,  in which all of the partners are qualified persons with respect to the professional corporation and in which at least one partner is authorized by law in this state to render a professional service described in the corporation's articles of incorporation. 3. Professional corporations,  professional limited liability companies and other persons,  domestic or foreign,  authorized by law in this state to render a professional service described in the corporation's articles of incorporation. 4. Other persons,  if after the issuance of voting shares the other persons in the aggregate do not hold more than forty-nine per cent of the voting shares,  unless a greater or lesser percentage is prescribed by the licensing authority. 5. An employee stock ownership plan as defined in section 4975(e)(7) of the internal revenue code of 1986,  as amended,  if both of the following apply: (a) All of the voting trustees of the plan are professionals who are licensed to provide at least one category of the professional services described in the corporation's articles of incorporation. (b) The ownership interests are not directly issued to persons other than the employee stock ownership plan trust or professionals who are licensed to provide at least one category of the professional services described in the corporation's articles of incorporation. B. The following are not violations of subsection A,  paragraph 1 of this section: 1. Any community interest of an unlicensed spouse in the voting shares issued to a licensed spouse in which the unlicensed spouse with a community interest in the voting shares does not have the right to vote the shares. 2. Issuance of voting shares to a trust established for the benefit of the licensed individual or members of the licensed individual's immediate family in which the licensed individual has the right to vote the shares and the trust and the members of the licensed individual's immediate family do not have the right to vote the shares. C. Subsection B of this section does not prohibit an issuance to an unlicensed spouse or to a trust in accordance with subsection A,  paragraph 4 of this section or section 10-2231,  subsection B. D. An issuance made in violation of subsection A of this section is void.
AZ Rev Stat § 10-2221 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-2221 - Shares and professional corporation status on shares

10-2221.  Shares and professional corporation status on shares Notwithstanding section 10-627,  no statement or notice of any restrictions imposed by this chapter on the transfer of shares of a professional corporation is required to appear on any share certificate issued by a professional corporation or to otherwise be provided to the shareholders of a professional corporation.
AZ Rev Stat § 10-2222 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-2222 - Share transfer restriction

10-2222.  Share transfer restriction A. Voting shares,  fractional voting shares and rights or options to purchase voting shares of a professional corporation that are held by persons described in section 10-2220,  subsection A,  paragraphs 1,  2 and 3 may be transferred or pledged,  whether voluntarily,  involuntarily,  by operation of law or by court judgment or otherwise,  only to those persons. Voting shares,  fractional voting shares and rights or options to purchase voting shares of a professional corporation that are held by persons described in section 10-2220,  subsection A,  paragraph 4 may be transferred or pledged,  whether voluntarily,  involuntarily,  by operation of law or by court judgment or otherwise,  only to persons qualified under section 10-2220 to be issued voting shares. B. A transfer or pledge made in violation of subsection A of this section is void.
AZ Rev Stat § 10-2223 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-2223 - Compulsory acquisition of shares after death, dissolution or disqualification of shareholder

10-2223.  Compulsory acquisition of shares after death,  dissolution or disqualification of shareholder A. Except as provided in subsection C of this section,  and unless the shares are otherwise acquired by a qualified person within the applicable time period specified in section 10-2227,  a professional corporation shall acquire the voting shares of its shareholder within the applicable time period if any of the following occurs: 1. The shareholder dies or dissolves and any person to whom the shares are to devolve is not a person to whom section 10-2222 permits the shares to be transferred. 2. The shareholder becomes a disqualified person. B. The price shall be as follows: 1. If a price for the shares is fixed in accordance with the articles of incorporation or bylaws or by private agreement,  that price controls and sections 10-2224,  10-2225 and 10-2226 are inapplicable. 2. If a price is not fixed,  in accordance with the articles of incorporation or bylaws or by private agreement,  the corporation shall offer to acquire the shares in accordance with section 10-2224,  and if the disqualified shareholder rejects the corporation's purchase offer,  either the shareholder or the corporation may commence a proceeding under section 10-2225 to determine the fair value of the shares. C. This section does not require the acquisition of shares if the disqualification of the shareholder or the transferee lasts no more than five months from the date the disqualification or transfer occurs. D. This section and section 10-2224 do not prevent or relieve a professional corporation from paying pension benefits or other deferred compensation for services rendered to a former shareholder if otherwise permitted by law. E. A provision for the acquisition of shares contained in a professional corporation's articles of incorporation or bylaws or in a private agreement is specifically enforceable.
AZ Rev Stat § 10-2224 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-2224 - Acquisition procedure

10-2224.  Acquisition procedure A. If shares must be acquired under section 10-2223 and the price is not fixed as described in section 10-2223,  subsection B,  paragraph 1,  the professional corporation shall deliver within the applicable time period specified in section 10-2227 a written notice to the disqualified shareholder,  offering to purchase the shares at a price the corporation believes represents their fair value as of the date of death,  dissolution,  disqualification or transfer. The offer notice shall be accompanied by the corporation's balance sheet for a fiscal year ending not more than sixteen months before the effective date of the offer notice,  an income statement for that year,  a statement of changes in shareholders' equity for that year and the latest available interim financial statements,  if any. B. The disqualified shareholder has thirty days after the effective date of the offer notice to accept the corporation's offer or demand that the corporation commence a proceeding under section 10-2225 to determine the fair value of the disqualified shareholder's shares. If the disqualified shareholder accepts the offer,  the corporation shall make payment for the shares within sixty days after the effective date of the offer notice,  unless a later date is agreed on,  on the disqualified shareholder's surrender of the disqualified shareholder's shares to the corporation. C. After the corporation makes payment for the shares,  the disqualified person has no further interest in them.
AZ Rev Stat § 10-2225 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-2225 - Court action to appraise shares

10-2225.  Court action to appraise shares A. If a disqualified shareholder does not accept the professional corporation's offer under section 10-2224,  subsection B within the thirty day period or if the professional corporation does not make an offer pursuant to section 10-2224,  subsection A within the applicable time period,  the shareholder during the following thirty day period may deliver a written notice to the corporation demanding that it commence a proceeding to determine the fair value of the shares. The corporation may commence a proceeding at any time during the sixty days following the effective date of its offer notice. If it does not do so within the sixty day period or thirty days after the shareholder demand,  whichever is earlier,  the shareholder may commence a proceeding against the corporation to determine the fair value of its shares. B. The corporation or disqualified shareholder shall commence the proceeding in the superior court in the county in which the corporation's principal office is located or,  if the corporation's principal office is not located in this state,  the county in which the corporation's known place of business is located. The corporation shall make the disqualified shareholder a party to the proceeding as in an action against the disqualified party's shares. The jurisdiction of the court in which the proceeding is commenced is plenary and exclusive. C. The court may appoint one or more persons as appraisers to receive evidence and recommend a decision on the question of fair value. The appraisers have the power described in the order appointing them,  or in any amendment to it. D. The disqualified shareholder is entitled to judgment for the fair value of the disqualified shareholder's shares determined by the court as of the date of death,  dissolution,  disqualification or transfer together with interest from that date at a rate found by the court to be fair and equitable. E. The court may order the judgment to be paid in installments determined by the court.
AZ Rev Stat § 10-2226 (2021)
2021 Arizona Revised Statutes|Title 10 - Corporations and Associations|§ 10-2226 - Court costs and fees of experts

10-2226.  Court costs and fees of experts A. The court in an appraisal proceeding commenced under section 10-2225 shall determine all costs of the proceeding,  including the reasonable compensation and expenses of appraisers appointed by the court,  and shall assess the costs against the professional corporation unless the court assesses costs against the disqualified shareholder,  in an amount the court finds equitable,  if the court finds the shareholder acted arbitrarily,  vexatiously or not in good faith in refusing to accept the corporation's offer. B. The court may also assess the fees and expenses of counsel and experts for the disqualified shareholder against the corporation and in favor of the shareholder if the court finds that the fair value of the disqualified shareholder's shares substantially exceeded the amount offered by the corporation or that the corporation did not make an offer.