# A.R.S. § 20-705: 20-705 Articles of incorporation > Arizona · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A1_S705 ## Section - **Citation:** A.R.S. § 20-705 - **Heading:** 20-705 Articles of incorporation - **Jurisdiction:** Arizona - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Arizona Code / Title 20 / Chapter 4 / Article 1 / Section 705 ## Text 20-705. Articles of incorporation A. The articles of incorporation shall state: 1. The name of the corporation. If a mutual, the word "mutual" shall be a part of the name. 2. The duration of its existence, which may be perpetual. 3. The kinds of insurance the corporation is formed to transact, according to the definitions thereof in this title. If the corporation is to be a limited stock insurer, the articles shall provide for limitations on the insuring powers of the corporation consistent with section 20-708. 4. If a stock corporation, its authorized capital, the classes and number of shares into which divided, the par value of each such share and the respective rights of each such class. Shares without par value shall not be authorized. 5. If a mutual corporation, the maximum contingent liability of its members, other than as to nonassessible policies, for payment of losses and expenses incurred, which liability shall be as stated in the articles of incorporation but not less than one nor more than six times the premium for the member's policy at the annual premium rate for a term of one year. 6. The number of directors, not less than five nor more than fifteen, who shall conduct the affairs of the corporation, and the names and addresses of the corporation's first directors and officers for stated terms of office of not less than two months or more than one year. 7. The time of the annual meeting of stockholders or members. 8. The city or town in this state in which the principal place of business is to be located, and the counties, states and countries in which business may be transacted. 9. The limitations, if any, on the corporation's indebtedness. 10. If a stock corporation, the extent, if any, to which stock of the corporation shall be liable to assessment. 11. Such other provisions, not inconsistent with law, as deemed appropriate by the incorporators. 12. The names and addresses of the incorporators. B. This section applies to stock and mutual insurers incorporated in this state after January 1, 1955. ## Nearby sections - [A.R.S. § 20-701 20-701 Scope of article](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A1_S701.md) - [A.R.S. § 20-702 20-702 "Mutual" insurer defined](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A1_S702.md) - [A.R.S. § 20-703 20-703 "Stock" insurer defined](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A1_S703.md) - [A.R.S. § 20-704 20-704 Applicability of general corporation laws](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A1_S704.md) - [A.R.S. § 20-705 20-705 Articles of incorporation](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A1_S705.md) - [A.R.S. § 20-706 20-706 Filing and publication of articles; appointment of agent to receive process; issuance of certificate](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A1_S706.md) - [A.R.S. § 20-707 20-707 Amendment of articles](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A1_S707.md) - [A.R.S. § 20-708 20-708 Limited stock insurers](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A1_S708.md) - [A.R.S. § 20-709 20-709 Formation of mutual insurer; applications for insurance](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A1_S709.md) - [A.R.S. § 20-710 20-710 Formation of mutuals; trust deposit of premiums; issuance of policies](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A1_S710.md) - [A.R.S. § 20-711 20-711 Initial qualification of domestic mutual insurers](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A1_S711.md) - [A.R.S. § 20-712 20-712 Additional kinds of insurance authorized to be issued by mutual insurer](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A1_S712.md) - [A.R.S. § 20-713 20-713 Bylaws of mutual insurer](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A1_S713.md) - [A.R.S. § 20-713.01 20-713.01 Directors; terms; staggered terms](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A1_S713.01.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A1_S705. Check the current official text before relying on it. Not legal advice.