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Current as of January 01, 2025 | Updated by Findlaw Staff
A. Unless otherwise provided in the articles of incorporation or bylaws, a corporation with members shall hold a membership meeting annually at a time stated in or fixed in accordance with the bylaws.
B. A corporation with members may hold regular membership meetings at the times stated in or fixed in accordance with the bylaws.
C. A corporation may hold annual and regular membership meetings in or out of this state at the place stated in or fixed in accordance with the bylaws. If no place is stated in or fixed in accordance with the bylaws, the corporation shall hold annual and regular meetings at the corporation's principal office.
D. At regular meetings the members shall consider and act on any matter raised and that is consistent with the notice requirements of § 10-3705.
E. The failure to hold an annual or regular meeting at a time stated in or fixed in accordance with a corporation's bylaws does not affect the validity of any corporate action.
F. Notwithstanding this chapter, a condominium association shall comply with title 33, chapter 9 1 and a planned community association shall comply with title 33, chapter 16 2 to the extent that this chapter is inconsistent with title 33, chapters 9 and 16.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 10. Corporations and Associations § 10-3701. Annual and regular meetings; exceptions - last updated January 01, 2025 | https://codes.findlaw.com/az/title-10-corporations-and-associations/az-rev-st-sect-10-3701/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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