Arizona Laws 28-5635. Discontinuance, sale or transfer of business; violation; classification
A. When a supplier ceases to engage in business as a supplier in this state and discontinues, sells or transfers the business:
Attorney's Note
Under the Arizona Laws, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class 1 misdemeanor | up to 6 months | up to $2,500 |
Terms Used In Arizona Laws 28-5635
- Director: means the director of the department of transportation. See Arizona Laws 28-101
- Person: means an individual, firm, partnership, joint venture, association, corporation, estate, trust, business trust, receiver or syndicate, this state, any county, city, town, district or other subdivision of this state, an Indian tribe, or any other group or combination acting as a unit. See Arizona Laws 28-5601
- Property: includes both real and personal property. See Arizona Laws 1-215
- State: means a state of the United States and the District of Columbia. See Arizona Laws 28-101
- Writing: includes printing. See Arizona Laws 1-215
1. The supplier shall notify the director in writing at least ten days before the discontinuance, sale or transfer takes effect. The notice shall give:
(a) The date of discontinuance, sale or transfer of the business.
(b) The name and address of the purchaser or transferee of the business.
2. All taxes, penalties and interest not then due and payable under this article or section 28-8344 are due and payable concurrently with the discontinuance, sale or transfer. Concurrent with the discontinuance, sale or transfer, the supplier shall:
(a) Make a report.
(b) Pay all taxes, interest and penalties.
(c) Surrender to the director the license issued to the supplier by the director.
B. Unless the notice is given to the director, the purchaser or transferee is liable to this state for the amount of all taxes, penalties and interest accrued under this article or section 28-8344 against the supplier who is selling or transferring the supplier’s business on the date of the sale or transfer but only to the extent of the value of the property and business that is acquired from the supplier.
C. A person who violates this section is guilty of a class 1 misdemeanor.