10-2406. Merger, interest exchange, conversion, domestication or division; definitions A. A domestic benefit 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 benefit corporation is to be created in a merger, a conversion, a domestication or a division, the formation of the corporation must otherwise comply with this chapter. C. If a merger, an interest exchange, a conversion, a domestication or a division would have the effect of terminating the status of a business corporation as a benefit corporation, the plan must be adopted by at least the minimum status vote in order to be effective. D. 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. hapter 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. 6. ' Plan' means a plan of merger, interest exchange, conversion, domestication or division.
Arizona Legal Code