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Current as of March 08, 2022 | Updated by FindLaw Staff
A. Voting shares, fractional voting shares and rights or options to purchase voting shares of a professional corporation that are held by persons described in § 10-2220, subsection A, paragraphs 1, 2 and 3 may be transferred or pledged, whether voluntarily, involuntarily, by operation of law or by court judgment or otherwise, only to those persons. Voting shares, fractional voting shares and rights or options to purchase voting shares of a professional corporation that are held by persons described in § 10-2220, subsection A, paragraph 4 may be transferred or pledged, whether voluntarily, involuntarily, by operation of law or by court judgment or otherwise, only to persons qualified under § 10-2220 to be issued voting shares.
B. A transfer or pledge made in violation of subsection A of this section is void.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 10. Corporations and Associations § 10-2222. Share transfer restriction - last updated March 08, 2022 | https://codes.findlaw.com/az/title-10-corporations-and-associations/az-rev-st-sect-10-2222/
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