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.
44-1873 - Recording of registration; effective date of registration; renewal; eligibility of registered securities for sale
44-1873. Recording of registration; effective date of registration; renewal; eligibility of registered securities for sale
A. Upon the receipt of a registration statement and the registration fee, and, if required, a consent to service of process, the director shall record the registration of the securities by description in a register of securities. A registration statement filed under the provisions of section 44-1872 shall be effective when filed with the commission.
B. The registration shall be effective for a period of one year and may be renewed for additional periods of one year, if the securities are entitled to registration by description under section 44-1871 at the time of renewal, by the filing of a new registration statement under section 44-1872 together with payment of the fee prescribed in subsection C of section 44-1861.
C. When registered by description as provided in this section, the securities may be sold in this state by any registered dealer or by any registered salesman employed by a registered dealer.