Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 10. Corporations and Associations |
Chapter 33. AMENDMENT OF ARTICLES OF INCORPORATION AND BYLAWS-NONPROFIT CORPORATIONS |
Article 3. Articles of Incorporation and Bylaws |
Sec 10-11031. Amendment terminating members or redeeming or canceling memberships
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A. Any amendment to the articles of incorporation or bylaws of a corporation that terminates all members or any class of members or redeems or cancels all memberships or any class of memberships shall be adopted in accordance with section 10-11002, 10-11003, 10-11020 or 10-11021, as applicable, and this section.
B. The members shall approve any amendment described in subsection A of this section by two-thirds of the votes cast by each class.
C. The provisions of section 10-3621 do not apply to any amendment described in subsection A of this section.