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Arizona Revised Statutes (Last Updated: March 31, 2016) |
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Title 44. Trade and Commerce |
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Chapter 12. SALES OF SECURITIES |
| Article 1. Definitions |
| Sec 44-1801. Definitions |
| Article 2. Administrative Personnel |
| Sec 44-1811. Director of securities |
| Sec 44-1812. Assistant director of securities |
| Sec 44-1813. Employment of personnel; criminal records check |
| Sec 44-1814. Travel and other necessary expenses of employees |
| Sec 44-1815. Cooperation with other securities agencies |
| Article 3. General Administrative Powers |
| Sec 44-1821. General rule-making power of commission; delegation of authority; limitation |
| Sec 44-1822. Investigations |
| Sec 44-1823. Power to require testimony and production of records; order of nondisclosure |
| Sec 44-1824. Dealer examination assessment; foreign examination cost; payment |
| Sec 44-1825. Contempt; penalty |
| Sec 44-1826. No-action requests |
| Article 4. Sale of Securities |
| Sec 44-1841. Sale of unregistered securities prohibited; classification |
| Sec 44-1842. Transactions by unregistered dealers and salesmen prohibited; classification |
| Sec 44-1843. Exempt securities; fee; filing |
| Sec 44-1843.01. Nonexempt government securities; covered securities; exemptions |
| Sec 44-1843.02. Special filing requirements for certain exempt or federal covered securities |
| Sec 44-1844. Exempt transactions |
| Sec 44-1845. Exemption or special registration of certain securities and transactions by commission rule |
| Sec 44-1846. Powers of commission to exempt certain securities or transactions |
| Sec 44-1847. Power of commission to exempt certain securities or transactions of regulated issuers |
| Sec 44-1848. Registration of dealers and salesmen dealing with certain exempt securities or engaging in certain exempt transactions; exemptions |
| Sec 44-1849. Real property investment contracts; recording |
| Sec 44-1850. Viatical or life settlement investment contracts |
| Article 5. Fees, Form of Consent to Service of Process and Securities Filings |
| Sec 44-1861. Fees; deposit; abandonment |
| Sec 44-1862. Consent to service of process; service on commission |
| Sec 44-1863. Receipt of electronic securities filings |
| Article 6. Registration of Securities by Description |
| Sec 44-1871. Securities that may be registered by description |
| Sec 44-1872. Procedure for registration by description; registration statement; consent to service of process |
| Sec 44-1873. Recording of registration; effective date of registration; renewal; eligibility of registered securities for sale |
| Sec 44-1874. Registration of additional securities by description |
| Sec 44-1875. Filing of additional information |
| Sec 44-1876. Escrow of certain securities; restrictive sales agreement |
| Sec 44-1877. Escrow of treasury stock; restrictive sales agreement |
| Sec 44-1878. Impoundment of funds from sale of speculative securities |
| Article 7. Registration of Securities by Qualification |
| Sec 44-1891. Registration by qualification |
| Sec 44-1892. Documents required for application for registration by qualification; fee |
| Sec 44-1893. Application for registration of securities by qualification; contents; accompanying documents; signature and verification |
| Sec 44-1894. Prospectus; contents; use of consolidated financial statements; amendment or supplement to prospectus required to show material change |
| Sec 44-1895. Preparation of required financial statements |
| Sec 44-1896. Substitution of prospectus filed under or complying with standards of form prescribed by or under securities act of 1933 for prospectus required by sections 44-1892 and 44-1894 |
| Sec 44-1897. Amendment or withdrawal of application, prospectus or other documents |
| Sec 44-1899. Renewal of registration by qualification |
| Sec 44-1900. Registration of additional securities by qualification |
| Sec 44-1901. Registration of certain securities by qualification; definitions |
| Sec 44-1902. Power of the commission to register certain securities by uniform limited offering registration |
| Article 8. Denial, Revocation or Suspension of Securities by Registration |
| Sec 44-1921. Denial of registration by qualification |
| Sec 44-1922. Revocation of registration by qualification or description; grounds |
| Sec 44-1923. Order denying or revoking registration; notice to issuer and dealers |
| Sec 44-1924. Order suspending registration; grounds; hearing; notice |
| Article 9. Registration of Dealers and Salesmen |
| Sec 44-1941. Application for registration as dealer; contents; filing; consent to service of process; fee; exemption |
| Sec 44-1942. Power of commission or director to require filing of additional information |
| Sec 44-1943. Power of commission to require bond from dealer |
| Sec 44-1944. Registration in register of dealers and salesmen of applicant complying with requirements |
| Sec 44-1945. Application for registration as salesman; filing; contents; exemptions |
| Sec 44-1946. Registration in register of dealers and salesmen of applicant complying with requirements |
| Sec 44-1947. Register of dealers and salesmen; recording registration and orders; transfer or expiration of registration |
| Sec 44-1948. Reporting requirements of dealers and salesmen; real property records |
| Sec 44-1949. Duty of dealer to give notice of termination of employment of salesman; automatic suspension of salesman's registration; notice of employment of salesman |
| Sec 44-1950. Active military duty; compensation |
| Article 10. Denial, Revocation or Suspension of Registration as Dealer or Salesman |
| Sec 44-1961. Grounds for denial, revocation or suspension of dealer registration; administrative remedies |
| Sec 44-1962. Grounds for denial, revocation or suspension of registration of salesman; administrative remedies |
| Sec 44-1963. Entry of order of denial, revocation or suspension |
| Sec 44-1964. Temporary suspension orders |
| Article 11. Hearings |
| Sec 44-1971. Initiation of hearing; purpose of hearing |
| Sec 44-1972. Notice of and opportunity for hearing; time of hearing |
| Sec 44-1973. Conduct of hearing |
| Sec 44-1974. Rehearings |
| Article 12. Appeals |
| Sec 44-1981. Judicial review |
| Article 13. Fraudulent Practices |
| Sec 44-1991. Fraud in purchase or sale of securities |
| Sec 44-1992. Filing of misleading information with commission |
| Sec 44-1993. Misrepresentation of effect of registration of securities |
| Sec 44-1994. Misrepresentation of effect of registration of dealers or salesmen |
| Sec 44-1995. Violation; classification |
| Sec 44-1996. Prohibition of referral fees |
| Sec 44-1997. False registration statement; liability |
| Sec 44-1998. Offers and sales; liability |
| Sec 44-1999. Controlling persons; liability |
| Sec 44-2000. Contrary stipulations void |
| Article 14. Civil Remedies and Liabilities |
| Sec 44-2001. Voidable sale or contract for sale of securities; remedy |
| Sec 44-2002. Remedy for voidable purchases |
| Sec 44-2003. Joint and several liability; proportionate liability; determination of responsibility; uncollectible share; settlement discharge; limitation on actions; definitions |
| Sec 44-2004. Limitation of civil actions |
| Sec 44-2005. Remedy not exclusive |
| Article 15. Conservators and Receivers |
| Sec 44-2011. Petition for appointment of conservator or receiver |
| Sec 44-2012. Complaint; contents |
| Sec 44-2013. Preliminary injunction; appointment of temporary conservator or receiver |
| Sec 44-2014. Permanent injunction; permanent conservator or receiver |
| Sec 44-2015. Conservator; bond; powers and duties |
| Sec 44-2016. Duration of appointment of conservator; distributing assets; winding up affairs of violator |
| Sec 44-2017. Compensation of conservators and other personnel |
| Article 16. Enforcement |
| Sec 44-2031. Jurisdiction and venue of offenses and actions; joinder of spouse |
| Sec 44-2032. Cease and desist orders; civil penalty; injunctions; civil restitution; prosecutions for violations |
| Sec 44-2033. Burden of proof of exemptions |
| Sec 44-2034. Evidence of registration or notice filing; lack of registration or notice filing |
| Sec 44-2035. Evidence of record of proceedings |
| Sec 44-2036. Administrative penalty |
| Sec 44-2037. Civil penalties |
| Sec 44-2038. Costs recoverable |
| Sec 44-2039. Securities regulatory and enforcement fund; purpose |
| Sec 44-2040. Violation; classification |
| Sec 44-2041. Continuance of prior law for certain purposes |
| Sec 44-2042. Confidentiality |
| Article 17. Capital Markets |
| Sec 44-2051. Advancement of economic development and capital formation |
| Sec 44-2052. Exchange operation; commission rules |
| Sec 44-2053. Limitation on liability |
| Sec 44-2055. Securities public reference rooms |
| Sec 44-2056. Free trade |
| Article 18. Private Securities Litigation |
| Sec 44-2081. Private securities class action litigation |
| Sec 44-2082. Requirements for securities fraud actions involving misleading statements or omissions |
| Sec 44-2083. Sanctions for abusive litigation |
| Sec 44-2084. Right to written interrogatories |
| Sec 44-2085. Limitation on damages; definition |
| Sec 44-2086. Attorney fees paid from disgorgement monies; prohibition |
| Sec 44-2087. Application of safe harbor for forward-looking statements; definitions |
| Article 19. Audits |
| Sec 44-2121. Definition of illegal act |
| Sec 44-2122. Audit requirements |
| Sec 44-2123. Audit discoveries; required responses |
| Sec 44-2124. Auditor liability limitation |
| Sec 44-2125. Civil penalties in cease and desist proceedings |
| Sec 44-2126. Preservation of existing authority |