Arizona Laws 32-2195.12. Recording of actions
A. Whenever the commissioner issues a cease and desist order, obtains a court order enjoining further sales, issues an order of prohibition or suspends approval of an unsubdivided lands public report, the action shall be recorded in the book of deeds in the office of the county recorder in any county in which the unsubdivided property is located and include the legal description of the affected land. The commissioner shall also provide notice of the order or suspension to all affected parties with an ownership interest of record in any lot, parcel or fractional interest, in the unsubdivided property within ten business days of issuing the order or suspension.
Terms Used In Arizona Laws 32-2195.12
- Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
- Commissioner: means the state real estate commissioner. See Arizona Laws 32-2101
- Fractional interest: means an undivided interest in improved or unimproved land, lots or parcels of any size created for the purpose of sale or lease and evidenced by any receipt, certificate, deed or other document conveying the interest. See Arizona Laws 32-2101
- Property: includes both real and personal property. See Arizona Laws 1-215
B. In the event of a revocation of any of the orders which require recording in subsection A, an order of release shall be recorded in the same manner within ten business days.