The Arizona Revised Statutes have been updated to include the revised sections from the 53rd Legislature, 2nd Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 54th Legislature, 1st Regular Session, which convenes in January 2019.
This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
A. The commission shall appoint a director of securities, subject to removal at the pleasure of the commission, at compensation as determined pursuant to section 38-611, who shall, subject to the authority and under the supervision of the commission, be the administrator of the division. The director of securities shall be a person at least thirty years of age and shall be qualified by any or all of the following:
1. At least five years of experience and training in corporate finance, investment banking, accounting principles or securities.
2. A college or graduate degree in business administration, the major subjects of which have relation to investment banking or corporate finance.
3. A law degree and at least five years of legal experience and training in securities.
B. The director of securities shall devote the director's entire time to the discharge of the duties of the office.