Arizona Corporation Commission

The Arizona Corporation Commission is the Public Utilities Commission of the State of Arizona, established by Article 15 of the Arizona Constitution. Arizona is one of only fourteen states with elected commissioners. The Arizona constitution explicitly calls for an elected commission, as opposed to a governor-appointed commission, which is the standard in most states, because its drafters feared that governors would appoint industry-friendly officials. They are directly elected statewide and serve staggered four-year terms.

The commission has five members. As of January 4, 2016 the commissioners are Andy Tobin, Thomas Forese, Doug Little, Bob Stump, and Bob Burns.

Responsibilities and duties

The commission's scope of responsibility is generally larger than most commissions in other states. Some of its major duties include regulating public utility companies, regulate/facilitate the incorporation of businesses and organizations, securities regulation, and railroad/pipeline safety.

Corporation

A corporation is a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law. Early incorporated entities were established by charter (i.e. by an ad hoc act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration.

Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered into two kinds: by whether or not they can issue stock, or by whether or not they are for profit.

Where local law distinguishes corporations by ability to issue stock, corporations allowed to do so are referred to as "stock corporations", ownership of the corporation is through stock, and owners of stock are referred to as "stockholders." Corporations not allowed to issue stock are referred to as "non-stock" corporations, those who are considered the owners of the corporation are those who have obtained membership in the corporation, and are referred to as a "member" of the corporation.

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