10-2267. Merger, interest exchange, conversion, domestication or division; definitions A. A domestic business development corporation may be a party to or otherwise undertake a merger, an interest exchange, a conversion, a domestication or a division by complying with chapters 11 and 13 of this title and title 29, chapter 6. B. If a domestic business development corporation is to be created in a merger, a conversion, a domestication or a division: 1. The shareholders of the corporation must be residents of this state as prescribed by section 10-2259, subsection A. 2. The formation of the corporation must otherwise comply with this chapter. C. For the purposes of this section: 1. ' Conversion' means a transaction authorized by title 29, chapter 6, article 4. 2. ' Division' means a transaction authorized by title 29, chapter 6, article 6. 3. ' Domestication' means a transaction authorized by title 29, chapter 6, article 5. 4. ' Interest exchange' means a transaction authorized by title 29, chapter 6, article 3. 5. ' Merger' means a transaction authorized by title 29, chapter 6, article 2.
Arizona Legal Code