Arizona Laws 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.
Terms Used In Arizona Laws 10-2101
- 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.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Property: includes both real and personal property. See Arizona Laws 1-215
- trustees: means individuals, designated in the articles of incorporation or bylaws or elected by the incorporators, and their successors and individuals elected or appointed by any other name or title to act as members of the board. See Arizona Laws 10-3140
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.