3.6.1 Delegation of Board Power
| Jurisdiction | Arizona |
A.R.S. Sec. 10-3801 requires that every nonprofit corporation have a board of directors. In addition, all corporate powers of a nonprofit corporation are to be managed under the direction of the corporation's board of directors, subject to any limitation in the articles of incorporation. On this issue, there is a potential conflict between the Arizona Condominium Act and the Arizona Nonprofit Corporation Act.
The Arizona Condominium Act states that the board of directors exercises all power of the...
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