Terms Used In Arizona Laws > Title 29 > Chapter 6 > Article 1 - General Provisions

• Acquired entity: means an entity in which all of one or more classes or series of interests are acquired in an interest exchange. See Arizona Laws 29-2102
• Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
• Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
• Appraisal: A determination of property value.
• Appropriate filing authority: means :

  (a) With respect to corporations, business trusts and limited liability companies, the commission. See Arizona Laws 29-2102

• Approve: means , in the case of an entity, that its governors and interest holders take whatever steps are necessary under its organizational documents, governing statute and other law to do all of the following:

  (a) Propose a transaction subject to this chapter. See Arizona Laws 29-2102

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Business corporation: means a business corporation, a close corporation, a professional corporation, a business development corporation and a benefit corporation. See Arizona Laws 29-2102
• Commission: means the Arizona corporation commission. See Arizona Laws 29-2102
• Conversion: means a transaction authorized by article 4 of this chapter. See Arizona Laws 29-2102
• Converting entity: means the domestic entity that approves a plan of conversion pursuant to section 29-2403 or the foreign entity that approves a conversion pursuant to the law of its jurisdiction of organization. See Arizona Laws 29-2102
• 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.
• Corporation: means a business corporation or a nonprofit corporation. See Arizona Laws 29-2102
• Decedent: A deceased person.
• Dividing entity: means the domestic entity that approves a plan of division pursuant to section 29-2603 or the foreign entity that approves a division pursuant to the law of its jurisdiction of organization. See Arizona Laws 29-2102
• Division: means a transaction authorized by article 6 of this chapter. See Arizona Laws 29-2102
• Domestic entity: means an entity whose internal affairs are governed by the laws of this state. See Arizona Laws 29-2102
• Domesticating entity: means the domestic entity that approves a plan of domestication pursuant to section 29-2503 or the foreign entity that approves a domestication pursuant to the law of its jurisdiction of organization. See Arizona Laws 29-2102
• Domestication: means a transaction authorized by article 5 of this chapter. See Arizona Laws 29-2102
• Entity: means any of the following:

  (a) A corporation. See Arizona Laws 29-2102

• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Foreign entity: means an entity other than a domestic entity. See Arizona Laws 29-2102
• Governance interest: means the right under the governing statute or organizational documents of an entity, other than as a governor, agent, assignee or proxy, to do any of the following:

  (a) Receive or demand access to information concerning, or the books and records of, the entity. See Arizona Laws 29-2102

• Governing statute: means , collectively, the statute or statutes governing the internal affairs of an entity. See Arizona Laws 29-2102
• Governor: means a person by or under whose authority the powers of an entity are exercised and under whose direction the business and affairs of the entity are managed pursuant to the governing statute and organizational documents of the entity. See Arizona Laws 29-2102
• including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
• Inter vivos: Transfer of property from one living person to another living person.
• Interest: means a governance interest or a transferable interest, including a share or membership in a corporation. See Arizona Laws 29-2102
• Interest exchange: means a transaction authorized by article 3 of this chapter. See Arizona Laws 29-2102
• Interest holder: means a direct holder of an interest. See Arizona Laws 29-2102
• 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.
• Jurisdiction of organization: means the jurisdiction whose law includes the governing statute of the entity. See Arizona Laws 29-2102
• Merger: means a transaction authorized by article 2 of this chapter. See Arizona Laws 29-2102
• Nonprofit corporation: means a nonprofit corporation, a cooperative marketing association, an electric cooperative nonprofit membership corporation, a nonprofit electric generation and transmission cooperative corporation, a fraternal or benevolent society or a corporation sole. See Arizona Laws 29-2102
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Obligation: means a debt, loss or liability or any other obligation arising in any manner, regardless of whether it is secured, contingent or liquidated. See Arizona Laws 29-2102
• Organizational documents: means the public organizational document and private organizational documents of an entity. See Arizona Laws 29-2102
• Organize: means to incorporate, form, create or otherwise organize. See Arizona Laws 29-2102
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• Person: means an individual, a corporation, an estate, a trust, a partnership, a limited liability company, a business or similar trust, an association, a joint venture, a public corporation, a government, a governmental subdivision, agency or instrumentality or any other legal or commercial entity. See Arizona Laws 29-2102
• Plan: means a plan of merger, interest exchange, conversion, domestication or division. See Arizona Laws 29-2102
• Process: means a citation, writ or summons issued in the course of judicial proceedings. See Arizona Laws 1-215
• Property: includes both real and personal property. See Arizona Laws 1-215
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• Record: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. See Arizona Laws 29-2102
• Statute: A law passed by a legislature.
• Transferable interest: means the right under an entity's governing statute to receive distributions from the entity. See Arizona Laws 29-2102