Arizona Constitution Article 14 - CORPORATIONS OTHER THAN MUNICIPAL
Arizona Constitution – Article 14: Corporations Other Than Municipal
Overview:
Article 14 of the Arizona Constitution addresses the regulation, formation, and governance of private corporations within the state, excluding municipal (city or town) corporations.
Key Points:
It sets the framework for laws governing corporations—such as business corporations, nonprofit corporations, and other entities formed under state law.
The article typically covers topics like:
The powers and limitations of corporations.
Incorporation procedures.
Rights and duties of shareholders and directors.
Regulations concerning corporate governance.
It does not cover municipal corporations, which are governed under different constitutional provisions and state laws.
Purpose:
To ensure that private corporations operate under consistent legal guidelines.
To protect shareholders, creditors, and the public.
To promote business growth while maintaining legal oversight.
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