10-740. Definitions In this article, unless the context otherwise requires: 1. ' Derivative proceeding' means a civil suit in the right of a domestic corporation or, to the extent provided in section 10-747, in the right of a foreign corporation. 2. ' Independent person' means a person with no personal interest in the transaction and no personal or other relationship which influences the person. 3. ' Shareholder' includes a beneficial owner whose shares are held in a voting trust or are held by a nominee on the beneficial owner's behalf.
Arizona Legal Code
§ 10.740
Source: https://www.azleg.gov/ars/10/00740.htm· Version 2026