The notice must allow each eligible shareholder at least 60 days after receiving the notice to exercise the right to opt out of the election. This guide will help you file formation documents, get tax identification numbers, and set up your company records.Manage your corporation's activities with our customizable documents for Directors' Resolutions, Shareholder Agreements and more. 1. Download the form from the Arizona State Personnel Board website. 2. Complete all the blank fields, in addition to your written objection. Arizona law requires all Arizona corporations to hold a meeting of shareholders annually at a time stated in or fixed in accordance with the bylaws. The reasons why correction or withdrawal is consistent with fair competition and in the best interest of the state. Arizona Open Meeting Act (A. R.S. § 38-431 et seq,). Been a formal withdrawal from or substitution in the case. 2.