Arizona Revised Statutes Title 10. Corporations and Associations § 10-846. Enforcement proceedings;  liability for monetary damages;  definitions

1. The decision or failure of the corporation to pursue or create a nonmonetary purpose, whether or not the purpose is set forth in its articles of incorporation.

2. A director's or officer's violation of an obligation, duty or standard of conduct to consider, or the failure to consider, the effect of an act, omission or decision by a corporation on a nonmonetary purpose, whether or not the purpose is set forth in its articles of incorporation.

1. Directly by the corporation.

2. Derivatively pursuant to chapter 7, article 4 of this title   1 by a shareholder of the corporation.

3. By other persons as specified in the articles of incorporation or bylaws of the corporation.

1. “Enforcement proceeding” means any claim or action for a violation of any obligation, duty or standard of conduct under this chapter.

2. “Nonmonetary purpose” means any purpose other than to benefit the economic or financial interests of the shareholders of the corporation, including any purpose to benefit any interest or factor that is included in § 10-830, subsection D, paragraph 2, as applicable.