Ariz. Rev. Stat. » Title 10
Arizona Revised Statutes

Ariz. Rev. Stat. § 10-622 (2026)

Liability of subscribers and shareholders

✓ current as of May 2026
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A. A purchaser from a corporation of its own shares is not liable to the corporation or its creditors with respect to the shares except to pay the full consideration for which the shares were authorized to be issued pursuant to section 10-621 or specified in the subscription agreement pursuant to section 10-620.

B. A shareholder of a corporation is not personally liable for the acts or debts of the corporation.

Notes of Decisions
Cited in 2 cases (1 in the last 5 years), 2001–2021 · leading case: Albers v. Edelson Tech. Partners L.P., 31 P.3d 821 (Ariz. Ct. App. 2001).
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Albers v. Edelson Tech. Partners L.P., 31 P.3d 821 (Ariz. Ct. App. 2001). · cites it 2× “1987) (noting that the construction of a patent license is generally a matter of state contract law).”
Powers Steel v. Vinton Steel (Ariz. Ct. App. 2021). · cites it 2× “§§ 10-830(A), -842(A) (providing fiduciary duties for corporate officers and directors), with A.R.S. § 10-622 (providing shareholders have no liability to the corporation or for the acts or debts of the corporation); see also Duties of shareholders, 6 Ariz.”
— Ariz. Rev. Stat. § 10-622(B) — 1 case
Albers v. Edelson Tech. Partners L.P., 31 P.3d 821 (Ariz. Ct. App. 2001). “1987) (noting that the construction of a patent license is generally a matter of state contract law).”
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