{"data":{"id":"us-az/a.r.s.-10-2139","jurisdiction":"us-az","citation":"A.R.S. § 10-2139","heading":"Merger, interest exchange, conversion, domestication or division; definitions","body":"A. A domestic nonprofit electric generation and transmission cooperative 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.\n\nB. Except as set forth in section 10-2141, a plan must be approved by two-thirds of the members.\n\nC. If a domestic nonprofit electric generation and transmission cooperative corporation is to be created in a merger, a conversion, domestication or a division:\n\n1. The initial members of the corporation must consist of two or more electric utilities or persons that fulfill the requirements for being a member as prescribed by section 10-2123.\n\n2. The name of the corporation must comply with section 10-2124.\n\nD. 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/10/02139.htm","current_through":"2026-09-04","vintage":"2026-08-09","retrieved_at":"2026-09-04T00:49:56Z","sha256":"f1eb0e18fb8a5c9944c0db8643b726dbe83a1aab14dd20a496bd74823cb6ed9e","source_id":"us-az","stale":true,"prev":"us-az/a.r.s.-10-2138","next":"us-az/a.r.s.-10-2141"},"notice":"GroundRules: Original legal text. Not legal advice."}