Arizona Laws 28-5743. Discontinuance of business
A. If a person ceases to be a licensee by reason of discontinuance, sale or transfer of the person’s business at any location:
Terms Used In Arizona Laws 28-5743
- 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
- Writing: includes printing. See Arizona Laws 1-215
1. The person shall:
(a) Notify the director in writing at the time the discontinuance, sale or transfer takes effect.
(b) Give the director the date of discontinuance.
(c) If there is a sale or transfer of the business, give the director the name and address of the purchaser or transferee.
2. All taxes, penalties and interest not yet due and payable under this article, notwithstanding this article, are due and payable concurrently with the discontinuance, sale or transfer.
3. The licensee shall:
(a) Make a report.
(b) Pay all taxes, fees, penalties and interest.
(c) Surrender to the director the license certificate issued to the licensee and all duplicates of a valid license.
B. Unless the notice prescribed in subsection A has been given to the director, the seller and the seller’s surety are liable for the tax, fees, penalties and interest accruing against the transferee, but only to the extent of the value of the property transferred.