The proposed bill amends section 10-1331 of the Arizona Revised Statutes to clarify the assessment of court costs and attorney fees in appraisal proceedings related to dissenters' rights. Under current law, the court determines the costs of the proceeding and typically assesses these costs against the corporation, with certain exceptions for dissenters. The new language specifies that the costs assessed against the corporation will also apply to any surviving or resulting corporations from a sale, merger, or acquisition.

Additionally, the bill introduces similar provisions for the fees and expenses of attorneys and experts, ensuring that these costs are also applicable to the corporation, surviving corporation, or resulting corporation in the context of a sale, merger, or acquisition. This update aims to provide clearer guidelines on the financial responsibilities of corporations involved in dissenters' rights cases.

Statutes affected:
Introduced Version: 10-1331