Arizona Laws 10-2125. Articles of incorporation
A. Articles of incorporation of a generation and transmission cooperative shall recite that they are executed pursuant to this article and shall state:
Terms Used In Arizona Laws 10-2125
- Address: means a mailing address. See Arizona Laws 10-140
- Articles of incorporation: means the original or restated articles of incorporation or articles of merger and all amendments to the articles of incorporation or merger and includes amended and restated articles of incorporation and articles of amendment and merger. See Arizona Laws 10-140
- Board of directors: means the group of persons vested with the management of the affairs of the corporation irrespective of the name by which the group is designated and includes the governing body or bodies of a water users' association if the articles of incorporation of the water users' association provide for a governing body or bodies denominated other than as a board of directors. See Arizona Laws 10-140
- Commission: means the Arizona corporation commission. See Arizona Laws 10-140
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Generation and transmission cooperative: means a corporation that is organized under this article or that becomes subject to this article as provided in this article. See Arizona Laws 10-2121
- Principal office: means the office, in or out of this state, so designated in the annual report where the principal executive offices of a domestic or foreign corporation are located or in any other document executed by the corporation by an officer and delivered to the commission for filing. See Arizona Laws 10-140
1. The name of the generation and transmission cooperative.
2. The address of its principal office.
3. The names and addresses of its incorporators.
4. The names and addresses of persons who constitute its first board of directors.
5. Any provisions not inconsistent with this article which is deemed necessary or advisable for the conduct of its business.
B. The articles shall be signed by a duly appointed representative of each incorporator and shall then be filed with the corporation commission as provided in this article.
C. It is not necessary to recite in the articles of incorporation the purpose for which the generation and transmission cooperative is organized or to recite any of its corporate powers.