Arizona Laws 44-1923. Order denying or revoking registration; notice to issuer and dealers
A. If, after a hearing or notice and opportunity for hearing as provided by article 11 of this chapter, the commission finds grounds for denying or revoking registration of securities, it may enter an order denying or revoking the registration. The order shall state specifically the grounds for its issuance.
Terms Used In Arizona Laws 44-1923
- Director: means the director of the securities division of the commission. See Arizona Laws 44-1801
- Issuer: means any person who issues or proposes to issue any security, except:
(a) With respect to certificates of deposit, voting-trust certificates, collateral-trust certificates, certificates of interest or shares in an unincorporated investment trust, whether or not of the fixed, restricted management or unit type, issuer means the person or persons performing the acts and assuming the duties of depositor or manager pursuant to the provisions of the trust or other agreement or instrument under which such securities are issued. See Arizona Laws 44-1801
B. On the entry of an order denying or revoking the registration of securities, the director shall send notice of the order by certified mail to the issuer of the securities and to all registered dealers engaged in the sale of the securities.