Loans to or guarantees for directors and officers
- Statute:
- Arizona §10-3833 · Title 10-NP (Title 10 — Nonprofit Corporations)
- Topic:
- Officers & Directors · Loans
- Applies to:
- Nonprofit associations
Loans to directors and officers are generally prohibited.
📄 Read the official text at azleg.gov →
How SoShiny helps with Loans to or guarantees for directors and officers
SoShiny keeps your board roster, officer titles (President, VP, Secretary, Treasurer, Director), and election history current in one place — so the statutory requirement to identify directors and officers is always one click away.
See the feature → Start freeFrequently asked
- What does Arizona §10-3833 require?
- Loans to directors and officers are generally prohibited.
- Who does Arizona §10-3833 apply to?
- Arizona §10-3833 applies to Nonprofit associations in Arizona.
- What happens if our nonprofit corporation doesn't comply with §10-3833?
- Non-compliance with ARS Title 33 can expose the association and individual directors to civil suit. Arizona HOA and condominium disputes go through OAH (Office of Administrative Hearings) under ARS §32-2199 for certain claims, or to civil court otherwise. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of Arizona §10-3833?
- The official text is published by the Arizona Legislature at azleg.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Loans to or guarantees for directors and officers?
- SoShiny keeps your board roster, officer titles (President, VP, Secretary, Treasurer, Director), and election history current in one place — so the statutory requirement to identify directors and officers is always one click away. Learn more →
Not legal advice. This page is a plain-English summary of Arizona §10-3833 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a Arizona-licensed attorney. For the official statutory text, see the link above.
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