{"data":{"id":"us-az/a.r.s.-10-2406","jurisdiction":"us-az","citation":"A.R.S. § 10-2406","heading":"Merger, interest exchange, conversion, domestication or division; definitions","body":"A. A domestic benefit corporation may be a party to or otherwise undertake a merger, an interest exchange, a conversion, a domestication or a division by complying with chapters 11 and 13 of this title and title 29, chapter 6.\n\nB. If a benefit corporation is to be created in a merger, a conversion, a domestication or a division, the formation of the corporation must otherwise comply with this chapter.\n\nC. If a merger, an interest exchange, a conversion, a domestication or a division would have the effect of terminating the status of a business corporation as a benefit corporation, the plan must be adopted by at least the minimum status vote in order to be effective.\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/10/02406.htm","current_through":"2026-09-04","vintage":"2026-08-09","retrieved_at":"2026-09-04T00:49:56Z","sha256":"c03dc1a9cc20b2773858d9f9432a4864ece9b74dd7d01da485096c513843693e","source_id":"us-az","stale":true,"prev":"us-az/a.r.s.-10-2405","next":"us-az/a.r.s.-10-2421"},"notice":"GroundRules: Original legal text. Not legal advice."}