Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 10. Corporations and Associations |
Chapter 19. CORPORATIONS AND ASSOCIATIONS NOT FOR PROFIT |
Article 1. Cooperative Marketing Associations |
Sec 10-2010. Appraisal of interest and payment upon withdrawal or expulsion of member
Latest version.
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If a member withdraws or is expelled, the board of directors shall, within three years after withdrawal or expulsion, equitably appraise his property interest in the association and pay him for that interest. The appraisal is conclusive.