reglab/statecodes huggingface dataset:
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-1876 - Amendments to trust instrument; filing; recordation

10-1876.
Amendments to trust instrument;  filing;  recordation
The articles,  declaration of trust or trust agreement by which any business trust was created may be amended in the manner specified therein or in such manner as is valid under the law applicable to such business trust,  provided that no such amendment shall be legally effective in this state until a copy thereof,  certified as provided in section 10-1874,  subsection A,  paragraph 1,  has been filed with the corporation commission and a copy thereof,  certified by the corporation commission,  has been filed in the office of the county recorder in the county where the principal place of business of the trust is located,  where such certified copy shall be indexed and recorded.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-1877 - Powers; construction of instrument; binding effect of terms and conditions

10-1877.
Powers;  construction of instrument;  binding effect of terms and conditions
A. Subject to the provisions of section 10-1878,  the powers and authority of any business trust authorized under this article to transact business in this state shall be as specified in the instrument by which it was created,  as amended,  which instrument shall be construed and interpreted in accordance with the law applicable to such business trust,  provided that no business trust shall engage in any activity in this state which would violate the public policy of this state or engage in any business in this state which private corporations for profit organized under the laws of this state may not legally transact.
B. Subject to the limitations on power and authority as provided in subsection A of this section,  any person dealing with a business trust authorized under this article to transact business in this state shall be bound by the terms and conditions of the instrument by which the business trust was created and by any amendments thereto which have been filed and recorded in compliance with section 10-1876.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-1879 - Corporation laws applicable

10-1879.
Corporation laws applicable
Any business trust shall be subject to such applicable provisions of law from time to time in effect with respect to domestic and foreign corporations,  respectively. These shall include,  without limitation,  such applicable provisions of law as relate to the issuance of securities,  filing of required statements or reports,  service of process,  general grants of power to act,  withdrawal,  right to sue and be sued,  limitation of individual liability of shareholders,  and rights to acquire,  mortgage,  sell,  lease,  operate and otherwise deal in or with real and personal property.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2001 - Definitions

10-2001.
Definitions
In this article,  unless the context otherwise requires:
1. " Active member"  is a member growing,  producing,  manufacturing,  marketing,  distributing or selling products or services handled by the association at the time of the membership meeting,  or who during the previous year,  delivered products or services to the association.
2. " Agricultural products"  includes horticultural,  viticultural,  forestry,  dairy,  livestock,  poultry,  bee and any farm products.
3. " Association"  means a corporation organized under this article.
4. " Marketing agreement"  or " marketing contract"  means any agreement entered into between an association organized under this article and its members,  by the terms of which a subscribing grower,  producer,  manufacturer,  marketer,  distributor or seller and all other growers,  producers,  manufacturers,  marketers,  distributors or sellers signing similar agreements,  agree to sell their products or services,  goods for import or export purposes to or through such association.
5. " Member"  includes members of associations.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2003 - Requirements for formation; association profits

10-2003.
Requirements for formation;  association profits
A. The following may form a cooperative association with or without capital stock under this article:
1. Five or more persons engaged in the production of products or services.
2. Five or more small businesses,  individuals or entities engaged in the marketing and distribution of manufactured goods for import and export purposes.
B. Associations organized under this article may make profits for themselves or for their members.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2004 - Articles of incorporation; amendments

10-2004.
Articles of incorporation;  amendments
A. Articles of incorporation shall be filed setting forth:
1. The name of the association.
2. The purposes for which it is formed.
3. The place where its principal business will be transacted.
4. The term for which it is to exist.
5. The number of directors thereof,  which shall not be less than five,  and their term of office.
6. A statement indicating whether the association will be a for-profit association or a nonprofit association.
7. If the association will be a for-profit association and will have capital stock,  a statement indicating the number of shares that the association is authorized to issue.
B. The articles shall be subscribed and filed in accordance with the provisions of general corporation law.
C. The articles of incorporation may be altered or amended at a regular meeting,  or at a special meeting called for that purpose,  by the affirmative vote of a majority of the active members of the association,  and on at least thirty days' notice in writing of the proposed alteration or amendment. Amendments to the articles when adopted shall be filed as required by law.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2006 - Bylaws; renewal upon expiration of contract period

10-2006.
Bylaws;  renewal upon expiration of contract period
A. Each association shall within thirty days after incorporation adopt bylaws. A majority vote of the members or their written assent is necessary to adopt such bylaws. The bylaws may provide for:
1. The time,  place and manner of calling and conducting meetings.
2. The number of members constituting a quorum.
3. The right of members to vote by proxy,  by mail or by both methods,  and the conditions,  manner,  form and effect of the votes.
4. The number of directors constituting a quorum.
5. The qualifications,  compensation,  duties and term of office of directors and officers,  time of their election and the manner of giving notice of the election.
6. Penalties for violation of the bylaws.
7. The amount of entrance,  organization and membership fees,  if any,  the method of collecting them and the purposes for which they may be used.
8. The annual dues or assessments.
9. The charge to be paid by each member for services rendered by the association to him,  the time of payment and the manner of collection.
10. The marketing contract between the association and its members,  which every member may be required to sign.
11. The number and qualification of members of the association and the conditions precedent to membership.
12. The method,  time and manner of permitting members to withdraw.
13. The manner of assignment and transfer of the interest of members.
14. The conditions upon which,  and time when membership of a member shall cease.
15. The automatic suspension of the rights of a member when he ceases to be eligible to membership,  and the manner and effect of the expulsion of a member.
16. The manner of determining the value of a member's interest,  and providing for purchase of such interest by the association upon his death,  withdrawal,  expulsion or forfeiture of membership,  at the option of the association.
17. If members are to be accorded unequal voting rights,  the manner of determining the number of votes to which each member is entitled.
B. Upon termination of each contract period,  the board of directors of the association may renew or revise the bylaws to be in effect for the next contract period,  and the renewal or revision shall be the bylaws of the association after thirty days notice has been given to the members,  unless more than fifty per cent of the members of the association have filed objections thereto in writing,  except that when property rights of the members are affected,  section 10-2007 shall apply.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2007 - By-laws concerning property rights of members; amendment

10-2007.
By-laws concerning property rights of members;  amendment
The property rights and interest of each member,  whether equal or unequal,  shall be set forth in the by-laws of the association as general rules applicable to all members by which the property rights and interest of each member shall be determined and fixed. The association may admit new members,  who,  when admitted,  shall share in the property of the association with the old members in accordance with such general rules. By-laws defining the property rights of members shall not be altered,  amended or repealed except by written consent or the vote of three fourths of the members qualified to vote under the by-laws of the association.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2008 - Eligibility for membership

10-2008.
Eligibility for membership
Under the terms and conditions prescribed in its bylaws,  an association may admit as members persons engaged in production of the products or services to be handled by or through the association,  including lessees and tenants of land used for production of such products,  lessors and landlords who receive as rent part of the crop raised or products created on the leased premises and persons or corporations regularly engaged in financing such production of commodities.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2009 - Membership certificates; voting; liability

10-2009.
Membership certificates;  voting;  liability
If a member of an association established without capital stock has paid his membership fee,  he may receive a certificate of membership. Members are not liable for debts of the association above the sum remaining unpaid on their membership fees. No member is entitled to more than one vote unless the bylaws provide otherwise. In no event is a member allowed to have more than five votes which are based on actual patronage,  and a member is not allowed more than one vote because of the amount of membership capital he may own.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2010 - Appraisal of interest and payment upon withdrawal or expulsion of member

10-2010.
Appraisal of interest and payment upon withdrawal or expulsion of member
If a member withdraws or is expelled,  the board of directors shall,  within three years after withdrawal or expulsion,  equitably appraise his property interest in the association and pay him for that interest. The appraisal is conclusive.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2011 - General powers of directors; election; compensation

10-2011.
General powers of directors;  election;  compensation
A. The affairs of the association shall be managed by the board of directors elected by the members from their number. The bylaws may provide that the territory in which the association has members be divided into districts and that the directors be elected according to such districts. If the territory is so divided the bylaws shall also specify the number of directors to be elected by each district,  the manner and method of apportioning the directors and of dividing the territory into districts. The bylaws may provide that primary elections be held in each district to elect the directors apportioned to the districts,  and the result of such elections shall be ratified by the next regular meeting of the association. The bylaws may further provide that additional directors be elected at large and the manner of their election.
B. The association may provide a fair remuneration for the time actually spent by its officers and directors in its service.
C. If a vacancy on the board occurs other than by expiration of term,  the remaining members by a majority vote shall fill the vacancy.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2012 - Organization of board of directors

10-2012.
Organization of board of directors
The directors shall elect from their number a president and one or more vice-presidents,  and a secretary and treasurer,  who need not be members. The offices of secretary and treasurer may be combined. The funds of the association shall be deposited only as authorized by the board.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2013 - Removal of officer or director

10-2013.
Removal of officer or director
A. A member may bring charges against an officer or director by filing them in writing with the secretary of the association,  together with a petition for removal signed by ten per cent of the members. The removal shall be voted upon at the next regular or special meeting and the association may remove the officer or director by a majority vote of the members. The director or officer shall be informed in writing of the charges previous to the meeting,  and he and the person bringing the charges may be heard in person or by counsel and may call witnesses at the meeting.
B. If the by-laws provide for election of directors by districts with primary elections in each district,  then the petition for removal of a director shall be signed by twenty per cent of the members residing in the district from which he was elected. The board shall call a special meeting of the members residing in that district to consider the removal of the director,  and he may be removed by a vote of the majority of the members of that district.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2014 - General and special meetings of association; notice

10-2014.
General and special meetings of association;  notice
The by-laws shall provide for one or more regular meetings annually. The board of directors may call a special meeting at any time,  or ten per cent of the members may file a request for a special meeting,  stating the specific business to be brought before the association,  and the meeting shall thereupon be called by the directors. Notice of all meetings,  together with a statement of the purposes thereof,  shall be mailed to each member at least ten days prior to the meeting,  but the by-laws may require that such notice be given by publication in a newspaper.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2016 - Marketing contracts; remedies for breach

10-2016.
Marketing contracts;  remedies for breach
A. The association and its members may make and execute marketing contracts requiring the members to sell,  for any period of time not over ten years,  all or any specified part of their agricultural products,  their specified commodities or their manufactured goods exclusively to or through the association or its facilities.
B. The membership contract may provide for membership for a longer period than ten years but not exceeding thirty years,  if the contract provides opportunity to the members for withdrawal at least once each year.
C. The contract may provide that the association may sell the products of its members,  with or without taking title thereto,  and pay to its members the average sale price based on grade and quantity,  after deducting all necessary selling,  overhead and other costs and expenses.
D. When provided in the bylaws,  the marketing contract may fix,  as liquidated damages,  specific sums to be paid by the members to the association upon the breach by him of any provision of the marketing contract regarding the sale or delivery or withholding of products,  and that the member will pay all costs,  premiums for bonds,  expenses and fees if an action is brought upon the contract by the association,  and such provision shall be valid and enforceable in the courts.
E. In event of a breach,  or threatened breach,  of the marketing contract by a member,  the association may apply for an injunction to prevent the further breach of the contract,  and to enforce specific performance thereof.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2017 - Pilot agreement; list of other agreements; recording

10-2017.
Pilot agreement;  list of other agreements;  recording
The association may record one of the executed marketing agreements in the office of the county recorder of the county in which the subscribing member is producing or proposing to produce the products to be marketed for him,  and such agreement shall be known as the pilot agreement. After recording the pilot agreement,  the association may,  from time to time,  in lieu of recording other agreements obtained from its members,  file with the recorder an affidavit of its secretary stating that the association has executed agreements with other members,  giving their names and addresses,  a description of the premises owned or leased by each of the members and the date on which the agreements were executed by the members. The affidavit,  when so filed,  shall be recorded in the book of miscellaneous records,  and shall constitute notice of the agreements.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2018 - Investments; limitation; disposition of profits

10-2018.
Investments;  limitation;  disposition of profits
A. An association may organize,  form,  operate,  own,  control,  have an interest in,  own stock of or be a member of any other corporation,  with or without capital stock,  engaged in processing,  handling,  utilizing,  manufacturing,  marketing,  financing or selling products or services handled by the association,  or the by-products thereof.
B. Profits or income received from the investments provided for in subsection A may be added to the reserves of the association to be distributed or handled according to the discretion of the board of directors.
C. An association may enter into agreements and arrangements with another cooperative corporation or association formed in this or any other state for the cooperative and more economical carrying on of its business,  or any part thereof. Any two or more associations may by agreement unite in employing and using the same methods,  means and agencies for conducting their businesses.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2019 - Annual reports

10-2019.
Annual reports
The association shall make an annual report on forms furnished by the corporation commission,  containing a general statement of its business during the fiscal year showing:
1. The number of members and amount of membership fees received.
2. The total expense of operations.
3. Its indebtedness or liabilities,  and its balance sheets.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2020 - License and other fees; tax exemption

10-2020.
License and other fees;  tax exemption
Each association shall pay a nonrefundable annual license fee of ten dollars. A nonprofit agricultural products association formed pursuant to this article shall be exempt from all franchise or license taxes imposed on its income. Each association shall pay a nonrefundable fee of ten dollars for filing articles of incorporation and a nonrefundable fee of two dollars fifty cents for filing an amendment to the articles. All other for-profit association filing,  service and copying fees are determined pursuant to section 10-122 and all other nonprofit association filing,  service and copying fees are determined pursuant to section 10-3122.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2022 - Associations not deemed in restraint of trade

10-2022.
Associations not deemed in restraint of trade
An association shall not be deemed to be a combination in restraint of trade,  an illegal monopoly or an attempt to lessen competition or fix prices arbitrarily. The marketing contracts or agreements between the association and its members,  or any agreements or acts authorized by this article,  shall not be considered in restraint of trade.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2023 - Inducing breach of contract; spreading false report; classification

10-2023.
Inducing breach of contract;  spreading false report;  classification
A person knowingly inducing any member of an association to breach his marketing contract with the association,  or who knowingly spreads false reports concerning the finances or management thereof,  is guilty of a class 2 misdemeanor,  and is also liable to the injured association in a civil action in the sum of five hundred dollars.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2024 - Producer-distributor agreement not to join, become or remain member of cooperative or trade association

10-2024.
Producer-distributor agreement not to join,  become or remain member of cooperative or trade association
Every undertaking or promise made,  whether written or oral,  express or implied,  is contrary to public policy and void and shall not afford any reason for granting legal or equitable relief,  when constituted or contained in a contract or agreement for the sale of agricultural,  horticultural or dairy products between a producer of such products and a distributor or purchaser thereof,  whereby either party to the contract or agreement undertakes or promises not to join,  become or remain a member of a cooperative association organized under this article,  or of a trade association of the producers,  distributors or purchasers of such products.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2025 - Security law; applicability

10-2025.
Security law;  applicability
Title 44,  chapter 12 applies only to a cooperative association that is formed under this article if either:
1. The cooperative association is formed with capital stock.
2. The cooperative association exercises its powers pursuant to section 10-2005,  paragraph 10.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2026 - Merger, interest exchange, conversion, domestication or division; definitions

10-2026.
Merger,  interest exchange,  conversion,  domestication or division;  definitions
A. A domestic cooperative association may be a party to or otherwise undertake a merger,  an interest exchange,  a conversion,  a domestication or a division by complying with chapter 34 of this title and title 29,  chapter 6.
B. If a domestic cooperative association is to be created in a merger,  a conversion,  a domestication or a division,  the initial members of the association must consist of any of the following:
1. Five or more persons engaged in the production of agricultural products pursuant to section 10-2003,  subsection A.
2. Five or more small businesses,  individuals or entities engaged in the marketing and distribution of manufactured goods for import and export purposes.
3. Five or more persons for the purpose of producing,  manufacturing and selling goods or services.
C. For the purposes of this section,  references in chapter 34 of this title to a " corporation"  are deemed references to a domestic cooperative association.
D. For the purposes of this section:
1. " Conversion"  means a transaction authorized by title 29,  chapter 6,  article 4.
2. " Division"  means a transaction authorized by title 29,  chapter 6,  article 6.
3. " Domestication"  means a transaction authorized by title 29,  chapter 6,  article 5.
4. " Interest exchange"  means a transaction authorized by title 29,  chapter 6,  article 3.
5. " Merger"  means a transaction authorized by title 29,  chapter 6,  article 2.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2051 - Definitions

10-2051.
Definitions
In this article,  unless the context otherwise requires:
1. " Affiliate"  means a person that directly or indirectly,  through one or more intermediaries,  controls,  is controlled by or is under common control with another person.
2. " Broadband service"  means providing access and transport to the internet,  computer processing,  information storage or protocol conversion at a download rate of at least twenty-five megabits per second and at an upload rate of at least three megabits per second.
3. " Cooperative"  means a corporation that is organized under this article or that becomes subject to this article in the manner provided in this article.
4. " Executed by the cooperative"  means executed by manual or facsimile signature on behalf of the cooperative by a duly authorized officer or,  if the corporation is under the control of a receiver or trustee,  by the receiver or trustee.
5. " Person"  means a natural person,  firm,  association,  corporation,  business trust,  partnership,  federal agency,  state or political subdivision or agency of a state or any body politic.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2052 - Purpose

10-2052.
Purpose
A. Cooperative nonprofit membership corporations may be organized under this article for any of the following purposes:
1. Supplying,  purchasing,  marketing,  selling,  transmitting or distributing electric energy to persons and promoting and extending the use of electric energy.
2. Providing billing,  metering,  communications and other services related or incidental to supplying,  providing or transmitting electric energy,  whether or not the cooperative is itself supplying or transmitting that energy.
3. Engaging in activities designed to promote economic development of rural areas as described in section 10-2057.
4. Engaging in activities for any lawful purpose.
5. Directly or through an affiliate,  providing broadband service to areas in which the cooperative provides electric energy services.
B. In a rural area where there is no telephone service,  a cooperative that is supplying electric energy in the area may enter into a cooperative agreement with the existing holder of a certificate of convenience and necessity for telephone service in the general area to supply telephone service in the same area.
C. Generation and transmission cooperatives as defined in article 4 of this chapter are subject to article 4 of this chapter and not to this article.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2054 - Name

10-2054.
Name
A. The name of a cooperative shall include the words " electric"  and " cooperative, "  and the abbreviation " inc., "  unless,  in a statement executed by the cooperative and filed with the corporation commission,  or in an affidavit made by a person signing the articles of incorporation,  consolidation,  merger or conversion,  which relate to the cooperative,  and filed,  together with the articles,  with the corporation commission,  it appears that the cooperative desires to do business in another state and is or would be precluded from doing so by reason of the inclusion of either or both of those words in its name.
B. The name of a cooperative shall be distinguishable from the name of any other cooperative or corporation organized under the laws of,  or authorized to do business in,  this state. Only a cooperative doing business in this state pursuant to this article shall use both the words " electric"  and " cooperative"  in its name,  but this section shall not apply to any corporation that becomes subject to this article by converting to a cooperative pursuant to title 29,  chapter 6 and that elects to retain a corporate name that does not comply with this section. The restriction on the use of the words " electric"  and " cooperative"  does not apply to generation and transmission cooperatives organized under article 4 of this chapter.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2055 - Articles of incorporation

10-2055.
Articles of incorporation
A. Articles of incorporation of a cooperative shall recite that they are executed pursuant to this article and shall state:
1. The name of the cooperative.
2. The address of its principal office.
3. The names and addresses of the incorporators.
4. The names and addresses of its directors.
B. The articles may also contain provisions not inconsistent with this article which are deemed necessary or advisable for the conduct of its business.
C. The articles shall be executed by an incorporator.
D. It is not necessary to recite in the articles of incorporation the purpose for which the cooperative is organized or to recite any of its corporate powers.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2056 - Amendment of articles

10-2056.
Amendment of articles
A. A cooperative may amend its articles by complying with the requirements prescribed in subsection B of this section,  but a change in location of its principal office may be effected in the manner set forth in section 10-2066.
B. The proposed amendment shall be presented to a meeting of the members,  and the notice of the meeting shall set forth or have attached to it the proposed amendment. If the proposed amendment,  with any changes,  is approved by the affirmative vote of not less than two-thirds of those members voting or the number of members prescribed in the bylaws but not less than a majority of those members voting,  the articles of amendment shall be executed by the cooperative.
C. The articles of amendment shall state:
1. The name of the cooperative.
2. The address of its principal office.
3. The amendment of its articles of incorporation.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2059 - Officers of cooperative

10-2059.
Officers of cooperative
The officers of a cooperative shall consist of a president,  vice-president,  secretary and treasurer,  who shall be elected annually by and from the board of directors. If stated in the bylaws,  the officers of the cooperative do not have to be directors. Unless the bylaws provide otherwise,  if a person holding any office ceases to be a director the person shall cease to hold the office. The offices of secretary and treasurer may be held by the same person. The board of directors may also elect or appoint all other officers,  agents or employees it deems necessary or advisable and shall prescribe their powers and duties. An officer may be removed from office and his successor may be elected in the manner prescribed in the bylaws.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2060 - Members in cooperative

10-2060.
Members in cooperative
Each incorporator of a cooperative shall be a member of the cooperative,  but no other person may become a member unless the person agrees to use electric energy or other services furnished by the cooperative as the cooperative establishes in its bylaws. A husband and wife may hold a joint membership in a cooperative. Membership in a cooperative is not transferable,  except as provided in the bylaws. The bylaws may prescribe additional qualifications,  limitations,  classifications and rights concerning membership.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2062 - Annual and special meetings of members; notice; quorum; voting

10-2062.
Annual and special meetings of members;  notice;  quorum;  voting
A. An annual meeting of the members of a cooperative shall be held at such time and place as provided in the bylaws. Special meetings of the members may be called by the president,  by the board of directors,  by any three directors or by not less than ten per cent of the members.
B. Except as otherwise provided in this article,  written or printed notice stating the time and place of each meeting of the members and,  in the case of a special meeting,  the purpose for which the meeting is called shall be given to each member,  either personally or by mail,  not less than ten nor more than twenty-five days before the date of the meeting. If mailed,  the notice shall be deemed to be given when deposited in the United States mail with postage prepaid addressed to the member at the member's address appearing on the records of the cooperative.
C. Unless the bylaws prescribe the presence of a greater percentage or number of the members for a quorum,  a quorum for the transaction of business at all meetings of the members of a cooperative having not more than one thousand members shall be five per cent of all members present in person or by ballot,  and of a cooperative having more than one thousand members,  shall be fifty members present in person or by ballot. If less than a quorum is present at any meeting,  a majority of those present in person may adjourn the meeting from time to time without further notice.
D. Unless the bylaws provide otherwise,  each member shall be entitled to one vote on each matter submitted to a vote at a meeting of the members. Voting shall be in person but,  if the bylaws so provide,  may also be by mail or by proxy.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2063 - Waiver of notice of meeting

10-2063.
Waiver of notice of meeting
A person entitled to notice of a meeting may waive notice in writing either before or after the meeting. If the person attends the meeting,  his attendance constitutes a waiver of notice of the meeting,  unless he participates therein solely to object to the transaction of any business because the meeting has not been legally called or convened.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2064 - Bylaws

10-2064.
Bylaws
The board of directors shall adopt the first bylaws of a cooperative to be adopted following incorporation,  conversion,  merger or consolidation. Thereafter either the board of directors or the members may amend or repeal the bylaws. The bylaws shall set forth the rights and duties of members and directors and may contain other provisions for the regulation and management of the affairs of the cooperative not inconsistent with this article or with its articles of incorporation.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2065 - Districts; boundaries

10-2065.
Districts;  boundaries
The bylaws may provide for the division of the territory served or to be served by a cooperative into two or more districts for any purpose,  including,  without limitation,  the nomination and election of directors and the election and functioning of district delegates. The bylaws shall prescribe the boundaries of the districts,  or the manner of establishing the boundaries,  the manner of changing such boundaries and the manner in which the districts shall function.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2067 - Nonprofit operation

10-2067.
Nonprofit operation
A cooperative shall be operated on a nonprofit basis for the mutual benefit of its members and patrons. The by-laws of a cooperative or its contracts with consumers shall contain such provisions relative to the disposition of revenues and receipts as may be necessary and appropriate to establish and maintain its nonprofit and cooperative character.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2068 - Disposition of property

10-2068.
Disposition of property
A. The board of directors of a cooperative,  without authorization by the members of the cooperative,  may authorize the execution and delivery of mortgages or deeds of trust pledging or encumbering any or all of the property,  assets,  rights,  privileges,  licenses,  franchises and permits of the cooperative,  whether acquired or to be acquired,  and wherever situated,  as well as the revenues therefrom,  all upon such terms and conditions as the board of directors determines,  to secure any indebtedness of the cooperative. Any such mortgages or deeds of trust shall be exempt from the mortgage recording tax.
B. A cooperative may not sell,  lease or otherwise dispose of all or a substantial portion of its property unless the sale,  lease or other disposition is authorized by the affirmative vote of not less than a majority of those members of the cooperative present at the meeting of the members.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2069 - Recording of mortgages; effect

10-2069.
Recording of mortgages;  effect
A. Any mortgage,  deed of trust or other instrument executed by a cooperative doing business in this state pursuant to this article,  which affects real and personal property and which is recorded in the office of the county recorder in any county in which the property is located or is to be located,  shall have the same force and effect as if the mortgage,  deed of trust or other instrument were also recorded,  filed or indexed as provided by law in the office of the county recorder in such county as a mortgage of personal property. All after-acquired property of the cooperative described or referred to as being mortgaged or pledged in the mortgage,  deed of trust or other instrument,  shall become subject to the lien thereof immediately upon acquisition of such property by the cooperative whether or not such property was in existence at the time of execution of such mortgage,  deed of trust or other instrument. Recording of the mortgage,  deed of trust or other instrument constitutes notice and otherwise has the same effect with respect to after-acquired property as it has under the laws relating to recording with respect to property owned by the cooperative at the time of execution of the mortgage,  deed of trust or other instrument and therein described or referred to as being mortgaged or pledged thereby.
B. The lien upon personal property of the mortgage,  deed of trust or other instrument shall,  after recording,  continue in existence and of record for the period of time specified therein without refiling or the filing of a renewal certificate,  affidavit or other supplemental information required by law relating to renewal,  maintenance or extension of liens upon personal property.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2070 - Use of roads and streets; notice; protest

10-2070.
Use of roads and streets;  notice;  protest
A. A cooperative shall have the use of,  and the right is expressly granted to it to use,  the public highways,  county highways and streets and alleys in or outside the service area of the cooperative. The cooperative may construct and operate lines connecting any points within the state and connect at the state boundary with like lines.
B. Within the confines of municipal corporations however,  use and occupancy of streets shall be under such rights as may be acquired by franchises according to law,  and subject to control and regulation by municipal authorities,  and the use of public highways,  except state highways,  by cooperatives not within the confines of an incorporated city or town,  shall be regulated by the board of supervisors of the county,  by license or franchise. The board of supervisors in granting the license or franchise,  or at any time after it is granted,  may impose such restrictions and limitations as to the use of the public roads as may be deemed best for the public safety or welfare. Every franchise granted under this section shall include provisions requiring the grantee to bear all expenses,  including damage and compensation for any alteration of the direction,  surface,  grade or alignment of any county road,  made for the purpose of such franchise.
C. The board of supervisors before granting the privileges contemplated by this section,  shall give public notice of its intention to make the grant,  by publishing notice in some newspaper of general circulation,  published within the county,  for at least once a week for three weeks prior to the day set for the consideration of such action. If,  on or before such date,  more than fifty per cent of the qualified electors of the county petition the board of supervisors to deny the privilege,  they shall so act,  and any privilege granted contrary to the petition shall be void.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2071 - Unclaimed patronage capital credits; fees; uses; exemption; definition

10-2071.
Unclaimed patronage capital credits;  fees;  uses;  exemption;  definition
A. A patronage capital credit retirement payment or fee payment from a cooperative to its member or former member is an unclaimed capital credit or fee if the credit or fee remains unclaimed for a period of two years after the payment was made available to the member or former member.
B. All unclaimed capital credits or fees are exempt from title 44,  chapter 3,  and a cooperative may retain or use all unclaimed capital credits or fees for any lawful purpose.
C. A cooperative may retain,  use or assign all unclaimed capital credits or fees for any lawful purpose if the purpose is consistent with the cooperative's bylaws and is specified by the cooperative's board of directors.
D. The cooperative shall pay a verifiable unclaimed capital credit or fee claim by a member or former member originating on,  before and after August 3,  2018.
E. Each cooperative shall maintain a searchable list on its website that contains the name and last known address of each member or former member appearing from the cooperative's records to be the owner of the unclaimed capital credits or fees of fifty dollars or more and instructions on how to claim the unclaimed capital credits or fees. The list shall include records from and after December 31,  2001.
F. For the purposes of this section,  " patronage capital"  includes all amounts received by a cooperative from sales of electric power,  energy distribution services or other services to members in excess of the cooperative's cost of furnishing electric power,  energy distribution services or other services to members and other margins as determined by the board of directors of the cooperative.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2073 - Merger, interest exchange, conversion, domestication or division; definitions

10-2073.
Merger,  interest exchange,  conversion,  domestication or division;  definitions
A. A domestic electric cooperative nonprofit membership corporation may be a party to or otherwise undertake a merger,  an interest exchange,  a conversion,  a domestication or a division by complying with chapter 34 of this title and title 29,  chapter 6. A plan must be approved by two-thirds of the members.
B. If a domestic electric cooperative nonprofit membership corporation is to be created in a merger,  a conversion,  a domestication or a division,  both of the following apply:
1. The initial members of the corporation must consist of five or more natural persons or two or more cooperatives in accordance with section 10-2053.
2. The name of the corporation must comply with section 10-2054.
C. For the purposes of this section:
1. " Conversion"  means a transaction authorized by title 29,  chapter 6,  article 4.
2. " Division"  means a transaction authorized by title 29,  chapter 6,  article 6.
3. " Domestication"  means a transaction authorized by title 29,  chapter 6,  article 5.
4. " Interest exchange"  means a transaction authorized by title 29,  chapter 6,  article 3.
5. " Merger"  means a transaction authorized by title 29,  chapter 6,  article 2.
6. " Plan"  means a plan of merger,  interest exchange,  conversion,  domestication or division.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2078 - Filing of articles

10-2078.
Filing of articles
Articles of incorporation,  amendment,  consolidation,  merger,  conversion or dissolution,  when executed by the cooperative,  shall be delivered to the corporation commission for filing. If the corporation commission finds that the articles presented conform to the requirements of this article,  it shall,  upon the payment of the fees as provided in this article,  file the articles,  and upon such filing,  the incorporation,  amendment,  consolidation,  merger,  conversion or dissolution shall be in effect. The provisions of this section shall also apply to certificates of election to dissolve.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2079 - Fees

10-2079.
Fees
The corporation commission shall charge and collect the following nonrefundable fees for:
1. Filing articles of incorporation,  ten dollars.
2. Filing articles of amendment,  ten dollars.
3. Filing statement of merger,  interest exchange,  conversion,  domestication or division,  ten dollars.
4. Filing certificate of election to dissolve,  ten dollars.
5. Filing articles of dissolution,  ten dollars.
6. Filing certificate of change of principal office,  five dollars.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2080 - Exemption from securities regulations

10-2080.
Exemption from securities regulations
The provisions of chapter 12 of title 44 shall not apply to any note,  bond or other evidence of indebtedness issued by a cooperative doing business in this state pursuant to this article to the United States or any agency or instrumentality thereof,  or to any mortgage,  deed of trust or other instrument executed to secure such note,  bond or other evidence of indebtedness,  nor shall such provisions apply to the issuance of membership certificates or other evidence of member interest by a cooperative.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2081 - Exemption from antitrust statutes

10-2081.
Exemption from antitrust statutes
Title 44,  chapter 10,  article 1 does not apply to any conduct or activity of a cooperative organized pursuant to this article,  if the conduct or activity is approved by a statute of this state or of the United States or by the corporation commission or an administrative agency of this state or of the United States that has jurisdiction of the subject matter.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2082 - Taking of acknowledgments by officer or member

10-2082.
Taking of acknowledgments by officer or member
A person authorized to take acknowledgments under the laws of this state shall not be disqualified from taking acknowledgments of instruments executed in favor of a cooperative or to which it is a party,  by reason of being an officer,  director or member of the cooperative.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2101 - Requirements for formation

10-2101.
Requirements for formation
A. The members of a grand lodge or division,  or of a subordinate lodge or division,  acting under the authority of a grand lodge or division of Free Masons,  Odd Fellows,  Knights of Pythias,  Workmen,  Elks or of any other society constituted in a manner generally similar thereto,  whether or not acting under the jurisdiction of a grand lodge or division,  may assemble at their usual place of meeting,  and in accordance with the rules of their society,  elect not less than three nor more than nine of their number trustees for the purpose of preserving the property belonging to the society and transacting all business relating to the investment and disposal thereof.
B. The trustees may have a common seal and alter it at pleasure,  and for all purposes for which they are authorized to act shall be deemed a corporation.
2023 Arizona Revised Statutes › Title 10 - Corporations and Associations › § 10-2102 - Powers of trustees

10-2102.
Powers of trustees
In pursuance of the rules and regulations of the society,  and in conformity with the rules and regulations of the grand lodge,  division or society from which they derive their charter,  the trustees may manage,  purchase,  lease,  hold,  convey,  mortgage,  execute deeds of trust and improve the property of the society,  including burial places owned by the society,  and as trustees may sue and be sued in all matters pertaining to such property,  and to claims,  demands and liabilities thereof.