House of Representatives

HB 2027

business entities

Sponsor: Representative Leff

DPA	Committee on Commerce and Economic Development
DPA	Caucus and COW
X	As Transmitted to the Governor

HB 2027 amends the statutes relating to businesses and re-codifies provisions of law that were inadvertently repealed during the statutory rewrites of the corporation codes.

Provisions

· Requires the Articles of Incorporation to include the signature of the statutory agent.

· Allows the Corporation Commission to administratively dissolve a corporation when there is a noncompliance with the filing requirements, a misrepresentation of a material matter, or failure to maintain a known place of business in Arizona.

· Permits an administrative dissolution when the corporation does not file the Certificate of Disclosure or fails to answer interrogatories.

· Clarifies that all Corporations Sole are subject to the provisions of the nonprofit corporation code.

· Prescribes that the person comprising the Corporation Sole is the only director and officer unless otherwise contained in the articles of incorporation or bylaws.

· Establishes that licensed dentists must constitute a majority of the directors of a dental service corporation.

· Contains conforming language.

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44th Legislature

Second Regular Session 2 May 10, 2001

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