Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 10. Corporations and Associations |
Chapter 29. MEMBERS AND MEMBERSHIP-NONPROFIT CORPORATIONS |
Article 3. Resignation and Termination |
Sec 10-3620. Resignation
Latest version.
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A. A member may resign at any time, except as set forth in or authorized by the articles of incorporation or bylaws.
B. The resignation of a member does not relieve the member from any obligations the member may have to the corporation as a result of obligations incurred or commitments made prior to resignation.
C. This section does not apply to corporations that are condominium associations or planned community associations.