{"data":{"id":"us-az/a.r.s.-10-2073","jurisdiction":"us-az","citation":"A.R.S. § 10-2073","heading":"Merger, interest exchange, conversion, domestication or division; definitions","body":"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.\n\nB. 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:\n\n1. 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.\n\n2. The name of the corporation must comply with section 10-2054.\n\nC. For the purposes of this section:\n\n1. \"Conversion\" means a transaction authorized by title 29, chapter 6, article 4.\n\n2. \"Division\" means a transaction authorized by title 29, chapter 6, article 6.\n\n3. \"Domestication\" means a transaction authorized by title 29, chapter 6, article 5.\n\n4. \"Interest exchange\" means a transaction authorized by title 29, chapter 6, article 3.\n\n5. \"Merger\" means a transaction authorized by title 29, chapter 6, article 2.\n\n6. \"Plan\" means a plan of merger, interest exchange, conversion, domestication or division.","path":["Title 10 Corporations and Associations"],"source_url":"https://www.azleg.gov/ars/10/02073.htm","current_through":"2026-09-04","vintage":"2026-08-09","retrieved_at":"2026-09-04T00:49:56Z","sha256":"e0bc2bbb995d473d190b6fff76e5b8cb713a9078c9d4025e54a7298d9d6d4c6c","source_id":"us-az","stale":true,"prev":"us-az/a.r.s.-10-2071","next":"us-az/a.r.s.-10-2077"},"notice":"GroundRules: Original legal text. Not legal advice."}