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A. The powers granted in this section to the board of directors may be reserved to the shareholders by the articles of incorporation.
B. The board of directors may authorize shares to be issued for consideration consisting of any tangible or intangible property or benefit to the corporation including cash, services performed or other securities of the corporation, except that neither promissory notes nor future services constitute valid consideration.
C. Before the corporation issues shares, the board of directors must determine that the consideration received or to be received for shares to be issued is adequate. That determination by the board of directors is conclusive insofar as the adequacy of consideration for the issuance of shares relates to whether the shares are validly issued, fully paid and nonassessable.
D. When the corporation receives the consideration for which the board of directors authorized the issuance of shares, the shares issued for the consideration are fully paid and nonassessable.
FILED Deanne Romo CLERK, SUPERIOR COURT 06/16/2023 2:43PM BY: SMAESTAS …
Jun 16, 2023
OPEN
EXHIBIT A | LEGAL DESCRIPTION THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF ' MOHAVE, STATE OF ARIZONA AND IS DESCRIBED AS FOLLOWS: | THE NORTH 1/2 OF THE SOUTHWEST QUARTER OF THE NORTH HALF OF PARCEL 277, AS SHOWN ON ROADWAY EASEMENT PLAT RECORDED MAY 20,1976, AT FEE | NO. 76-14573, RECORDS OF MOHAVE COUNTY, ARIZONA AND BEING A DIVISION | OF THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 10, TOWNSHIP 21 NORTH, RANGE 19 WES…
FILED Amy Hunley CLERK, SUPERIOR COURT 06/15/2023 2:57PM BY: CSCHAFFE…
Jun 15, 2023
OPEN
Clerk of the Superior Court *** Electronically Filed *** M. De La Cruz, Deputy 1/19/2023 4:28:45 PM …
Maricopa County, AZ
Jan 19, 2023
CV
At some om David J Silver rib re y% Jat 3789 N Barbara Drive …
Mar 22, 2024
OPEN
Navajo County, AZ
Mar 22, 2024
C83
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