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.

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Terms Used In Arizona Laws 10-2023

  • Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
  • Association: means a corporation organized under this article. See Arizona Laws 10-2001
  • Class: refers to a group of memberships that have the same rights with respect to voting, dissolution, redemption and transfer. See Arizona Laws 10-3140
  • Contract: A legal written agreement that becomes binding when signed.
  • Member: includes members of associations. See Arizona Laws 10-2001
  • Person: includes an individual and entity. See Arizona Laws 10-140